China’s benchmark Shanghai Composite Index (000001.SH) lost 0.87% on Monday, while the Shenzhen Component Index (399001.SZ) fell 0.89%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.29% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.79%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: Covid Chaos at China’s Hospitals as Stringent Control Policy Eases
Health-care centers from Guangzhou to Shijiazhuang to Beijing are slammed amid surging inflections and severe shortages of medical workers
· Douyin Accused of Foul Play Over World Cup 4K Streaming Rights
Court orders ByteDance’s popular short video app to remove ads promoting its 4K live streaming after a China Mobile subsidiary complained
· Xi Seeks Yuan Settlement of China Energy Trades With Gulf States
The president said the move could be made in three-to-five years as he signaled increased oil and LNG purchases
· Weekend Long Read: Meet the Entrepreneurs Aiming to Fix Society’s Problems
The winners of the CSEIF’s For Good Awards, co-sponsored by Caixin, include business leaders providing affordable housing for low-income workers, health insurance to the underinsured and small business support for budding retailers in rural China
· Second China-Made mRNA Covid Shot Approved Overseas
Laos clears Stemirna vaccination after Indonesia endorsement of Walvax-Abogen product as experts push China to follow suit
· Opinion: Politburo’s ‘Four Dares’ Promise to Spur the Economy
Emphasis on courage to dare by top officials, local authorities, enterprises and residents is intended to unleash China’s vitality
· China to Roll Over $108 Billion of Special Sovereign Bonds
Sale of three-year notes will pay off a tranche of notes issued in 2007 to fund the China Investment Corp. sovereign wealth fund
· Xi Says Saudi Arabia is a Foreign Relations Priority as Beijing and Riyadh Elevate Ties
The development of relations with Saudi Arabia is a priority in China’s overall foreign relations, in particular its diplomacy in the Middle East, Xi said during talks with Saudi Crown Prince Mohammed bin Salman
· China Travel Demand Spikes on Latest Covid Easing Plan
Tourism firms’ stocks popped and online searches for air and train tickets surged, after Beijing announced it was lifting testing requirements for cross-regional travel
· Tech Insider: Huawei Inks Licensing Deal With Oppo, Xiaomi’s Top India Executive Resigns
U.S. state bans officials from using TikTok, Niutron refunds customers after failing to deliver its first EV model
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This article was generated by Caixin Automation.
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