China’s benchmark Shanghai Composite Index (000001.SH) gained 2.03% on Monday, while the Shenzhen Component Index (399001.SZ) rose 0.96%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.36% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.31%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: The Turning Point for China’s New-Energy Vehicles
Electric-auto sales may almost double again in 2022 as industry achieves critical mass with rising demand for increasingly competitive products
· Beijing Winter Olympics Opening Ceremony Goes Carbon Lite
Organizers ditched the traditional igniting of a flaming cauldron to kick off the Games to demonstrate green commitment and showcased more universal themes as opposed to just traditional Chinese culture
· China’s Winter Sports Sector Skates to Glory With Olympic Boost, Analysts Say
Interest in skiing and ice skating has surged in the lead up to the Games, which is seen helping the industry shake off the Covid-19 chill on consumer leisure spending
· Over 300 at Beijing Winter Olympics Test Positive for Covid
Nearly two dozen new cases found on eve of opening ceremony
Electric carmaker Faraday Future admits to releasing misleading pre-order data, Lenovo remains the world’s No. 3 tablet seller in 2021
· Caixin Explains: China Adds Harsher Penalties for Illegal Private Tutoring
Local governments are offering rewards for those who inform on for-profit tutoring and in some cases have detained violators
· China and Russia to Give ‘Special Attention’ to Business Ties at Olympic Talks, Putin Says
Xi Jinping to meet Russian leader in Beijing with two sides set to sign over a dozen agreements, including new natural gas deals, according to media reports
· Chinese Covid-Vaccine Makers Predict Strong Profits for 2021
Rollout of world’s largest inoculation program to combat the virus and approvals for use of new vaccines boost bottom lines
· Troubled EV-Maker Faraday Future Punishes Executives for Releasing Fake Data Before 2021 Listing
The California-based carmaker says an internal investigation found no evidence of other claims of inaccurate disclosures, including those made in a short seller report
· Analysis: What’s Behind Nickel’s Sudden Market Volatility?
While many have pointed to new supply entering the market, observers say it may have more to do with speculators
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This article was generated by Caixin Automation.
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