China’s benchmark Shanghai Composite Index (000001.SH) lost 0.16% on Monday, while the Shenzhen Component Index (399001.SZ) fell 0.47%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.52% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.82%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: Finding the Best Toolkit for Containing Covid-19
China doubles down on Covid-zero strategy, vaccinating children as young at 3, rolling out mass booster shots and developing more effective vaccines
· Caixin Summit: What Big Tech Wants From Its Regulators
Technology companies know that clear rules can help level the playing field and prevent companies from indulging their impulse to engage in monopolistic behavior, experts say
· Douyin-Tencent Video Deal Shows How Big Tech’s ‘Walled Gardens’ Are Crumbling
Users of the China’s TikTok twin will soon be able to create and publish short videos based on internet rival’s copyrighted content
· Weekly Must-Read: China’s Regulatory Wave Hits the Credit Reporting Industry
New rules aim to change the way companies collect information, laying out principles and detailed procedures for data management
· Weekend Long Read: How China’s Data Regulations Can Meet CPTPP Requirements (Part 3)
China’s rules for transferring information across borders can comply with the Pacific trade pact’s requirements
· Caixin Summit: China Needs New Weapons for Covid Fight, Top Expert Says
Zhang Wenhong urges vaccine booster shots, refined control and prevention measures, and new drugs to meet pandemic’s continuing ‘huge challenges’
· Xi and Biden to Hold Virtual Summit Monday
Presidents of China and the U.S. will discuss responsible management of competition between the world’s two largest economies amid rising tensions
· Kangmei Ordered to Pay $385 Million to Investors
Guangzhou court finds scandal-plagued drugmaker liable for losses incurred by more than 50,000 investors in its stock related to massive fraud
· Tech Insider: Robot Startup Gaussian Raises $188 Million, Another SMIC Executive Leaves
Alibaba’s Double 11 sales growth falls to new low, Tesla wannabe Nio narrows losses as sales grow
· China Clarifies Rules on Special-Purpose Bonds to Stop Misuse of Funds
Ministry of Finance guideline sets out conditions for local governments to change the use of proceeds from bond sales
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This article was generated by Caixin Automation.
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