China’s benchmark Shanghai Composite Index (000001.SH) lost 0.3% on Monday, while the Shenzhen Component Index (399001.SZ) fell 0.55%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.38% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.61%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: Thanksgiving Dinner Reveals Price of ‘Bidenomics’
Falling food costs remain high as Fed reins in inflation. While economic growth shines, recession risks, though diminished, still loom
· China Fund Industry Group Toughens Rules on Managers
The self-regulatory body Asset Management Association of China issued rules to bolster compliance and protect investors’ interests
· Weekend Long Read: Zhou Xiaochuan Weighs In on the BRI Debate
China’s former central bank governor explains the dangers of the ‘debt trap’ narrative, the reasoning behind the Belt and Road Initiative, and issues that need to be addressed in its next phase
· China’s Regulator Probes Private Funds Over Multi-layered Investment Scheme
Chinasoft New Momentum Asset Management Co. Ltd., series of funds under investigation; inquiry into false information disclosure, possible criminal behavior
· Chinese Graduate School Applicants Drop for First Time in Nine Years
Odds stacked against young job seekers: gloomy employment picture cuts value of graduate education, students say; more selective entrance standard is another turn-off
· China Names New Forex Chief Amid Leadership Reshuffle at Top Financial Regulators
Zhu Hexin succeeds Pan Gongsheng as head of the State Administration of Foreign Exchange’s Communist Party group
· China Vows Crackdown as Child Trafficking Helps Drive Birth Certificate Sales
The underground trade has persisted as the fraudulent identification is often used to conceal criminal activity or circumvent strict rules outlawing surrogacy
· China Adds Six Countries to 15-Day Visa-Free Program
Beijing plans to include France, Germany, Italy, Malaysia, the Netherlands, and Spain in the program on a one-year trial basis
· Opinion: Beijing’s Stance on the Decades-Long Israeli-Palestinian Conflict
China was the first country to support the Palestinian bid for independence, while still opposing radical factions within its leadership
· Tech Insider: Honor Readies for IPO, Stellantis and CATL Plan European Battery Plant
Pony.ai cleared to road test driverless truck convoys, Tesla hikes prices again
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This article was generated by Caixin Automation.
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