China’s benchmark Shanghai Composite Index (000001.SH) lost 0.98% on Monday, while the Shenzhen Component Index (399001.SZ) fell 0.76%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) ended nearly flat for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.52%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: State Insurance Boss’s Capital Games in Hong Kong
How the former chief of Taiping Insurance wove a web of shady deals and came under investigation by graft busters
· Weekly Must-Read: Singapore, Hong Kong Vie for Billionaires’ Bucks
New generation of China’s ‘tech rich’ offers a lucrative target for the two venues’ burgeoning family office industries
· Weekend Long Read: How Mouth-Watering Foreign Delicacies Pepper China’s Classic Novels
The introduction of new ingredients throughout the dynasties is illustrated on the page
· Chinese Households Add $851 Billion to Savings in January
In an economy weighed down by the pandemic and sluggish housing market, more than half of households make a priority of adding to savings
· China’s Sales of Land-Use Rights Plunge, Squeezing Local Government Budgets
Multiple provincial-level units report dramatic declines amid a pessimistic outlook as cash-strapped property developers curtail bidding
Local trading platforms have emerged as a new risk to financial stability, with many degenerating into illegal financing channels for real estate companies and LGFVs
· Chinese Firms Press Ahead With U.S. Listing Plans Despite Regulatory Uncertainties
At least 15 companies with the controversial VIE structure have pushed forward their IPO plans, in what analysts say could be a move to go public before the rules get tougher
· Billionaire Zhang Jin Under Pressure to Pay $3.15 Billion Due Investors
Founder and chairman of commodities giant Cedar Holdings demurs as holders of investments issued by the company demand that he take personal responsibility
· Asian Games Host City Clamps Down on Imported Goods Amid Covid Flare-Up
Hangzhou officials say their most recent outbreak originated with a case linked to imported coffee machines
· Shenzhen Weighs Unmarried Mother’s Plea for Maternity Benefits
Case highlights the ongoing difficulties unmarried mothers face in getting adequate access to maternity rights and judicial protection
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This article was generated by Caixin Automation.
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