China’s benchmark Shanghai Composite Index (000001.SH) closed nearly flat on Monday, while the Shenzhen Component Index (399001.SZ) rose 0.37%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.34% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.72%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: Beijing Gears Up for Winter Olympics Amid Omicron Threat
China creates stringent ‘closed loop’ system to isolate competitors and staff from Covid-19 as it demonstrates green technology and builds up winter sports
· Opinion: The Zhengzhou Disaster Cover-Up Spotlights a Longstanding Reflex
Disregarding official policy, local authorities for weeks withheld reporting of a third of fatalities in epic flooding, government investigators find
Central government probe says officials either covered up or delayed reporting on the fate of 139 people
· Weekend Long Read: Tech Regulation Needs to Work in Tandem With Inclusive Growth
Primavera Capital founder Fred Hu and Nobel laureate Michael Spence offer their takes on China’s regulatory crackdown on big tech, its approach to wealth inequality and what cryptocurrencies are good for
· Weekly Must-Read: What China’s Overhaul of Overseas IPO Rules Is All About
New regulatory framework aims to put all companies who qualify for a listing under the same rules, regardless of their corporate structure and where they sell their shares
· Kaisa Undergoes Audit on Order of Guangdong Government
Preliminary finding by PricewaterhouseCoopers may be that the troubled developer has enough assets to cover its debts, Caixin learned
· Regulators Make Another Call for Better Protection of Gig Workers
Four central government ministries issue guidance order to 11 internet giants including Alibaba, Tencent, Meituan and Didi
· In Depth: China’s Lagging Expansion of Medical Infrastructure
After the Covid-19 outbreak swamped Wuhan hospitals, China poured billions into construction, but resources are still falling short
· One of China’s Richest Provinces Declares Victory Over Hidden Debt
Guangdong is the first to publicly state it’s converted all its off-balance-sheet liabilities into explicit debt
· Encouraging GDP Data, Strong Exports Sustain Chinese Currency’s Bull Run
Record trade surplus and better-than-expected economic growth figures push the value of the yuan higher, despite an interest rate cut
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This article was generated by Caixin Automation.
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