China’s benchmark Shanghai Composite Index (000001.SH) lost 0.77% on Monday, while the Shenzhen Component Index (399001.SZ) closed nearly flat.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.67% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.65%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: The Evolution of Crime in China
Amid rising prosperity and technological advances, violent crimes like murder and kidnapping decline and misdemeanors like drunk driving increase
· China to Maintain Prudent Monetary Policy to Keep Yuan Stable, PBOC Governor Says
Yi Gang also said Beijing will further increase credit support for the real economy, while strengthening and improving financial supervision
· Archive Interview: How Li Qiang Cheers Private Enterprise in Zhejiang
In 2013, Caixin interviewed the then 54-year-old governor of Zhejiang province Li Qiang, who became the second-ranked member of the Politburo Standing Committee of the Communist Party’s Central Committee following the 20th National Congress last week
· Chinese Yuan Becomes World’s Fifth Most Traded Currency, Survey Finds
Trading in the yuan increased to 7% of global foreign exchange turnover in 2022, up from 4% in 2019, according to the Bank for International Settlements
· BYD Orders $689 Million of Auto Transport Ships
Chinese EV giant joins the rush to crank up vehicle exports amid rising shipping costs, ordering six vessels with options for two more
· Rising Communist Party Star Yin Yong Named Acting Mayor of Beijing
After becoming the youngest Central Committee member at age 53, the former deputy central bank governor succeeds former Mayor Chen Jining, who was elevated to the Politburo
· U.S. Firms Report Mixed Outlook for China Operations, Survey Shows
Nearly one fifth of the around 300 companies surveyed by AmCham Shanghai said they had cut investment in China this year due to Covid-19 control measures, though more than half remained optimistic about their five-year business outlook
· In Depth: Illuminating the Silver Screen for the Visually Impaired
Recent changes in copyright law and regulation are helping make film accessible for China’s 17 million people with visual impairments
· Chinese Ammonia Exports Surge as European Gas Shortage Hits Local Production
Sky-high gas prices have compelled European firms to scale back production of the key fertilizer input
· China’s Smartphone-Makers Ship Fewer Units as Demand Remains Weak at Home and Abroad
The companies’ total shipments dropped 11.9% year-on-year to 71.1 million handsets
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This article was generated by Caixin Automation.
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