China’s benchmark Shanghai Composite Index (000001.SH) lost 0.11% on Monday, while the Shenzhen Component Index (399001.SZ) fell 0.58%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.52% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.75%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· School Gym Roof Collapse Leaves 11 Dead in Northeast China
The incident trapped 15 people in the rubble in Qiqihar, Heilongjiang province
· Cover Story: China Seeks Cure for Ailing Health System
An aging nation and slowing economy force changes in medical insurance program
· Chinese Chipmakers Urge Beijing to Do More Amid Escalating U.S. Export Controls
Representatives from domestic semiconductor firms met with Ministry of Commerce officials this week seeking to avoid raising trade tensions even further, Caixin has learned
· U.S. Lawmakers Demand Venture Capital Firms Provide Details of China Tech Investments
Qualcomm Ventures and Walden International among four firms targeted by a U.S. House Select Committee probe that seeks answers about their dealings in China
· Alibaba Reshuffles Partners as E-Commerce Giant’s Restructuring Rolls On
Some old and new faces join strategic leadership group ahead of September changing of the guard among top executives
· China Lithium Futures Tumble Daily Limit in ‘Brutal’ Trading Debut
An anticipated surplus of lithium products in 2024 may have contributed to the slump on the first day of trading in Guangzhou, industry insiders said
· Weekend Long Read: What Lies Ahead for China-EU Climate Collaboration
Frans Timmermans, the European Commission’s top climate negotiator, speaks with Caixin about cooperating with China and the EU’s controversial carbon border tax
· China’s State Council Vows Support for Renovating Urban Villages
The country’s cabinet sees the neighborhoods as an opportunity to boost the economy
· UBS: Hang Seng Index Needs to Stay Above 20,000 for IPO Market Recovery
China investment banker says HK stock market needs a big bounce back to attract large listings
· Former U.S. Treasury Head Urges Beijing and Washington to Unite and Tackle Climate Change
Henry Paulson warns of “uncontrolled and unabated” consequences from rising temperatures, calling on the two countries to work together
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This article was generated by Caixin Automation.
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