China’s benchmark Shanghai Composite Index (000001.SH) gained 2.06% on Monday, while the Shenzhen Component Index (399001.SZ) rose 2.03%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.27% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.28%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: One Year Into Russia-Ukraine War and Still No End in Sight
The war has sparked an energy crisis in Europe, driven up global inflation and triggered a world-wide grain shortage
· China Completes Rollout of New IPO System With Inclusion of Main Boards in Shanghai, Shenzhen
The registration-based system is aimed at simplifying the listing requirements and giving bourses a bigger role in reviewing applications
· Weekend Long Read: The Safest and Most Endangered Jobs in a ChatGPT World
AI will replace simple, repetitive jobs, but those involving complexity, creativity and interpersonal skills will continue to thrive and remain the domain of humans
· China Issues Rules for Giant Money Market Funds
Central bank and securities regulatory agency outline investment requirements, leverage ratios and risk reserves for $1.6 trillion market
· China Renaissance Shares Nosedive After Founder’s Disappearance
Stock’s loss of as much as 50% in Hong Kong wipes out up to $357 million of market value after billionaire Bao Fan is reported missing
· China Removes Communist Party Heads of Top State Insurer and Bank
Moves affect top executives of People’s Insurance Co. and Bank of China as they both near retirement age
· Former Regional China Central Banker Gets 15-Year Prison Term for Corruption
Retired official, who admitted the charges against him, was also fined 1.1 million yuan
· Tech Insider: ByteDance Attacks Meituan Head On, China’s Video Game Sales Drop
NetEase to use chatbot-generated dialogue in new mobile game, Tesla recalls 362,000 cars over self-driving software flaws
· In Depth: Japanese, German Carmakers Lose Ground in China After Falling Behind on EVs
The likes of Nissan and VW have lost market share as Chinese competitors capitalized on their early jump into the segment
· Hong Kong Debuts $102 Million Digital Green Bond
The transactions in the so-called tokenized notes will be performed and recorded on a private blockchain
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This article was generated by Caixin Automation.
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