China’s benchmark Shanghai Composite Index (000001.SH) closed nearly flat on Monday, while the Shenzhen Component Index (399001.SZ) rose 0.09%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.89% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.79%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: How Cedar Built a Commodity Colossus on a Shell Game
Billionaire Zhang Jin’s Cedar generates Fortune Global 500 revenue from fake deals to borrow billions of dollars it can’t repay, Caixin learned
· China Moves to Protect Vulnerable Services Sector From Excessive Local Covid Control Measures
Country releases support policies including tax relief and fiscal benefits, while prohibiting extreme pandemic prevention and control measures
· Analysis: Why Singapore Could Coexist With Covid, but Not Hong Kong
Cramped living space, relatively low vaccination rate among elderly residents and potential spillover effects on the mainland make ‘living with the virus’ unviable for the city
· Weekly Must-Read: State Insurance Boss’s Capital Games in Hong Kong
How the former chief of Taiping Insurance wove a web of shady deals and came under investigation by graft busters
· Weekend Long Read: How Beijing Can Regain Trust of Global Institutional Investors
Words are not enough; investors need to see tangible policy implementation and effects
· China to Roll Out Mix-and-Match Covid-19 Boosters
Studies show greater protection from using a Zhifei or CanSino vaccine as a booster for those inoculated using Sinopharm or Sinovac products
· Chinese Court’s Crypto Loan Ruling Leaves Private Lender Out of Pocket
Agreement for loan made in $1.6 million of Ethereum tokens has no legal force, judgement says
· In Depth: Chinese Companies’ Quest for Indonesian Nickel Grows Perilous
Tsingshan has spearheaded a charge into the Southeast Asian country that has raised questions about whether the firm and its peers in the EV materials industry have overcommitted
· China Unveils Vast Plan to Build Regional Data Center Clusters
Top economic planner estimates the eight clusters could draw in $63 billion in investment annually
· Tech Insider: Huawei’s Indian Offices Raided, Meituan Sinks on New Rules
Foxconn to make chips in India, Oppo phones to use Swedish camera technology
Click here to read more of the latest news.
This article was generated by Caixin Automation.
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