China’s benchmark Shanghai Composite Index (000001.SH) lost 0.06% on Monday, while the Shenzhen Component Index (399001.SZ) closed nearly flat.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.23% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.1%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Q&A Forum Zhihu Denies Reports of Hong Kong IPO
The money-losing company says it hadn’t heard the news that it was preparing a secondary listing
· Cover Story: Chinese Livestreamers’ Tax Evasion Calls for Systematic Tax Reform
Livestreamers rush to pay back taxes after authorities impose big fine on Weiya for tax evasion; experts urge overhaul to clarify individual vs. business income in new online economy
· Xi’an’s Covid Response Comes Under Scrutiny as Cases Rise
The Northwest China city of 13 million people has seen its health code system crumble and kidney patients cut off from dialysis as it battles a growing outbreak
· Chinese Mainland, Hong Kong Bourses to Add ETFs to Stock Connect Scheme
The stock exchanges and China Securities Depository and Clearing Corporation will work together on the details of the inclusion in an expansion of the market access program
· Weekly Must-Read: How China’s EV Battery King Is Defending Its Throne
CATL keeps the pressure on upstart rivals with billions of dollars of investments while dramatically expanding its business footprint
· Weekend Long Read: The Stubborn Urban-Rural Divide of ‘Leftover’ Men and Women
The contrasting gender imbalance in cities and the countryside follows the logic of economics. It will be difficult to change it by decree
· Energy Insider: China Unveils State-owned Rare Earths Giant
China combines rare earths capacity of China Minmetals Corp. and other SOE’s, expected to produce most of the nation’s needs; Power supply tightens as cold wave hits
· China Cinda Buys 20% Stake in Ant’s Consumer Finance Unit
tate-owned asset manager joins group of investors to boost capital for Ant’s consumer finance unit after government-ordered fintech overhaul
· China Says Complying VIE Companies Can List Overseas
CSRC issues new rules for domestic companies' overseas listings; regulator stops short of feared VIE ban
· China’s Smaller Cities Dole Out Incentives to Drive Property Sales
Local governments roll out subsidies for buying real estate or implement policies to reduce the deed tax, in efforts to reinvigorate the sector
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This article was generated by Caixin Automation.
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