China’s benchmark Shanghai Composite Index (000001.SH) lost 0.37% on Monday, while the Shenzhen Component Index (399001.SZ) fell 0.8%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 2.74% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.14%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China’s New Premier Swings Long on Exports
Li Qiang has called for greater policy support to stabilize and improve the structure of the country’s exports
· Shanghai-listed Developer on the Ropes After Share Plunge
Sichuan Languang faces delisting, after its closing price fell below 1 yuan per share
China is willing to work with all parties, including Europe, to promote dialogue and resolve conflicts through political means
· Weekend Long Read: The Panic, Worry and Despair Gripping Chinese Young Researchers
Millions of young academics typically reach a critical stage in their careers just as they arrive at a pivotal point in their personal lives, complicating their efforts to advance in a field characterized by fierce competition and immense anxiety
· China Gets Record $3.2 Billion Container Ship Order From French Giant
CMA CGM signs accord with China State Shipbuilding during French president’s state visit, which concluded Friday
· Geely Unit Moves a Step Closer to Taking EVs to the Sky
Aerofugia reports beginning of type certification by civil aviation authorities as competition for flying cars heats up
· Shanghai Police Bust Gang That Conned Firms With Fake Employees
Companies that fell victim to the scams paid out more than 50 million yuan in wages to workers who did no work
· China and France Deepen Trade, Political Ties as Macron Visits
President Xi Jinping and his French counterpart sign agreements in areas including agrifood, space, aviation and civil nuclear energy, and made a joint commitment to a political settlement to the Ukraine war
· Chinese Developer Sinic to Be Forced Off Hong Kong Bourse
The teetering property firm failed to meet the exchange’s requirements to resume trading in its shares, which have been suspended for over 18-months
· Morgan Stanley Plans to Launch Futures Business in China
The investment bank has applied for a license to operate in the $80 trillion Chinese market
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This article was generated by Caixin Automation.
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