China’s benchmark Shanghai Composite Index (000001.SH) lost 0.44% on Monday, while the Shenzhen Component Index (399001.SZ) closed nearly flat.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.07% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.26%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: Chinese in the Crosshairs of ‘Mushrooming’ Transnational Cybercrime
UN says hundreds of thousands have been forced into participating in unlawful online scam operations in Myanmar and Cambodia, many of them Chinese
· Hong Kong and Singapore Can Learn From Each Other in New Era, Li Ka-shing Says
Both cities need to contemplate their future as they face increasingly complex global and societal issues, the billionaire notes
· U.S. Blacklists 42 Chinese Entities Over Alleged Russia Ties
Beijing expresses opposition to the latest sanctions, saying that Washington has abused export controls
· Tesla Cuts Prices of Top Models After Deliveries Fall
EV giant will have to sell a record number of cars in the fourth quarter to reach its full-year goal of 1.8 million deliveries
Qinghai starts building ‘integrated’ solar power project, San’ao nuclear reactor hits construction milestone, Shanghai launches test base for hydrogen fuel cells
· U.S. Senate Majority Leader to Lead Delegation to China Next Week
Foreign ministry confirms that Chuck Schumer will lead a bipartisan group of senators to the country ‘in the coming days’
· Chinese National Killed in Bangkok Mall Shooting
Another citizen of China was wounded in the incident, which left two dead and six injured
· In Depth: China Struggles to Wean Itself off Bear Bile Farming
Amid growing concerns about the suffering that extraction causes the animals, the government has supported research into synthetic substitutes, but regulations are hampering the registration of alternatives to what some have dubbed ‘medicinal gold’
· China’s Real Estate Market Gets Some Relief in September on Policy Changes
New property sales by China’s top 100 property developers rise nearly 18% month-on-month, but are still down more than 20% from the previous year
· Opinion: How to Fix China’s Local Government Debt Crisis
It will be crucial to stress fiscal discipline, information transparency, effective market constraints, the rule of law, and a more reasonable relationship between the central and local governments
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This article was generated by Caixin Automation.
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