China’s benchmark Shanghai Composite Index (000001.SH) lost 0.5% on Monday, while the Shenzhen Component Index (399001.SZ) fell 0.93%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 2.7% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 2.09%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: The Dangling Sword of Omicron
Even as the world still struggles to contain the delta variant of Covid-19, a dramatically mutated new version threatens to undermine vaccines and treatments
· Caixin Top Stories of the Month: November 2021
Dipping property sales and prices prompted regulators and some local governments to send out positive signals
· Opinion: Investors Paid the Price For Ignoring Didi’s Long-Running Compliance Issues
Company’s issues, including illegal taxi services, have long been well known, says tech investor Liao Ming
· Shares of Developer Aoyuan Tumble After Creditors Demand $650 Million
Troubled real estate giant faces potential default after it signals it may be unable to repay debts
· Weekly Must-Read: Chinese Regulator Denies Reports of VIE Listing Ban
Media reports are ‘not true’ that CSRC will bar foreign share sales using controversial ownership structure, though Caixin learned authorities are working on new regulations
· Weekend Long Read: How China Can Reform Itself to Join High-Standard Trade Pacts
China should participate more actively and deeply in the ongoing restructuring of the global trading system, to pave the way for Chinese enterprises, former senior economic planning official says
· Former Shanghai Bourse Official Faces Corruption Charges
Authorities find $30 million at home of Cao Jian, in charge of IPO reviews for STAR Market, and allege he took bribes, leaked information and made illegal gains
· Former Deputy IMF Chief Joins Chinese State-Owned Insurance Giant
Financial veteran Zhang Tao takes up post on PICC’s Communist Party committee
· Analysis: China Dusts Off Proven Playbook After Evergrande Default Warning
Hint of default after long-running debt struggle prompts provincial government to send in a working team and top regulators to pledge coordinated response
· Update: Government Sends Risk Managers to Evergrande as Default Looms
Debt crisis goes critical as property giant says it may miss $260 million obligation, triggering $19.2 billion of cross-defaults
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This article was generated by Caixin Automation.
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