China’s benchmark Shanghai Composite Index (000001.SH) lost 0.12% on Monday, while the Shenzhen Component Index (399001.SZ) fell 0.46%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.78% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) ended nearly flat.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China’s GDP Growth Slows to 4.9%
The country’s economic expansion lost a step in the third quarter after growing 7.9% in the preceding three-month period, as a power crunch, soaring commodity prices and tightening real estate restrictions took a toll
· Cover Story: How China’s Housing Market Landed in the Deep Freeze
Even as the nation faces a housing shortage, the government is sticking with tough policies to prevent overheating, resulting in plunging house sales and values
· U.N. Biodiversity Conference in China Concludes With Pledges for More Funding
Under the Kunming Declaration, more than 100 countries committed to ensuring the implementation of an action plan for setting protection goals for the next decade
· China Presses U.S. to End Official Dealings With Taiwan
Defense ministry spokesperson says Washington ‘has stubbornly attempted to make an issue out of Taiwan so as to contain China’
· Weekly Must-Read: Five Things to Watch in China’s Economy in the Fourth Quarter
The pandemic, struggling property developers, power shortages and the tech regulatory overhaul are among the key issues that investors should keep an eye on
· China Clears Foreign Investors to Trade More Onshore Derivatives
CSRC opens commodity futures and options as well as stock index options to overseas buyers starting Nov. 1
· China to Roll Out New Lending Tools to Support Cutting Emissions
Central bank policies will back clean energy, energy saving and cutting carbon emissions as China moves to fight climate change
· In Swipe at Alibaba, JD.com Launches ‘Instant Delivery’ Retail Business
The new ‘Shop Now’ service established with delivery platform Dada aims to ride the boom in rapid home delivered shopping caused by Covid
· After String of Scandals, China Tightens Control Over Major Shareholders in Banks, Insurers
New regulations aim to stop big investors using institutions as ATMs to benefit their own businesses
· China Releases List of 19 Systemically Important Banks
The lenders will have to comply with stricter regulatory requirements as their health is seen as critical to maintaining financial stability
Click here to read more of the latest news.
This article was generated by Caixin Automation.
Follow the Chinese markets in real time with Caixin Global’s new stock database.
