China’s benchmark Shanghai Composite Index (000001.SH) gained 1.16% on Monday, while the Shenzhen Component Index (399001.SZ) rose 2.0%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.33% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.98%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Opinion: How to Ensure Equipment Upgrades Give China’s Economy a Second Wind
Upgrades are critical, but the government must avoid needless updates, guard against undue haste and prevent known issues like subsidy fraud
· Cover Story: U.S. Widens China Trade Fight to Shipbuilding Which It Lost Decades Ago
Union-spurred probe into Chinese shipyards threatens retaliatory port fees
· Fire Engulfs Historical University Building in China’s Henan Province
The near century old auditorium at Henan University’s Minglun campus in Kaifeng appeared to suffer serious damage, with officials forming a joint-agency team to probe the cause of the blaze
· U.S. Imposes Sanctions on Chinese Companies for Alleged Support of Russian Military
Some 20 Chinese companies are among hundreds from other countries including Turkey and Malaysia to be punished for their alleged involvement in supporting Russia’s war in Ukraine or the country’s defense and energy industries in general
· Weekend Long Read: A TikTok Unearths the Scars of Crimes Against Humanity
American social media creator Pawn Man found himself embroiled in controversy after sharing photos he thought portrayed the Rape of Nanjing
· China Launches Chang’e Space Probe to Collect Samples From Far Side of the Moon
Chang’e-6 will collect rock and soil samples from a vast impact crater on the Moon that is helpful to study the Moon's evolutionary history
· Tianqi Lithium Plunges Into the Red on Falling Prices, Troubled Chile Investment
Shenzhen-listed firm reported a net loss of 3.9 billion yuan in the first three months after booking a one-time loss from its stake in miner SQM, which faces possible nationalization
· China Tightens IPO Requirements for STAR Market Hopefuls
Regulators have imposed tougher qualifications for R&D investment and marketable patents with the aim of improving the quality of companies listed on the science and technology innovation board
· In Depth: How China Can Tackle Global Challenges to Expansion in Key Emerging Sectors
Solving industrial overcapacity by increasing exports is facing mounting resistance overseas. Boosting domestic demand may the solution
Chinese wind-turbine makers dominate global industry, solar juggernaut reports net loss, Beijing warns power supply ‘may be tight’ this summer
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This article was generated by Caixin Automation.
