China’s benchmark Shanghai Composite Index (000001.SH) closed nearly flat on Monday, while the Shenzhen Component Index (399001.SZ) rose 0.22%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.77% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.0%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China’s New Mobile Payment Rules Aim to Crack Down on Cross-Border Gambling, Central Bank Says
From March 2022 onwards, payment platforms such as Alipay and WeChat Pay will have to distinguish between ‘individual’ and ‘merchant’ barcodes for payment collection
· Weekly Must-Read: What to Expect From China’s Property Market in 2022
Analysts weigh in on the impact of regulation on a key pillar of the country's economy, and where the market is headed
In a wide-ranging conversation, the 91-year-old scholar describes his Eurasian Core theory, the experiences of overseas Chinese, and the meaning of home
· Update: Quick Response, Speedy Virus Tracking Help Shanghai Quell Flare-Up, Zhang Wenhong Says
Genome sequencing shows the recent reemergence was caused by the highly transmissible Delta variant from overseas, city disease control authorities say
· Evergrande Founder Cuts Stake to Raise $344 Million
Billionaire Hui Ka Yan sells 1.2 billion Evergrande shares to help bail out the debt-laden property giant
· Trending in China: Netizens Call for Tougher Laws to Rein in Irresponsible Dog Owners
One family’s tragic loss in Wuhan could raise awareness of the need for stronger laws mandating how dog owners control their pets
· Shanghai Data Exchange Launches Trading in Bid to Boost Digital Economy
The new platform has attracted interest from around 100 major domestic and foreign companies like China Mobile, JD Technology and PricewaterhouseCoopers
· Shanghai Extends Maternity Leave by Another Month
Special extension to standard maternity leave will now cover two months, up from one month previously, benefitting first-time mothers
· Update: Ant Group-Linked Firm Considered for Personal Credit Reporting Service
Pending approval, Qiantang Credit could become the country’s third provider licensed to carry out this business
· Lithium Price Surpasses 200,000 Yuan Milestone as EV Sales Reach New Heights
The price of the key battery material is unlikely to drop until global supply grows next year, analysts say
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