China’s benchmark Shanghai Composite Index (000001.SH) lost 2.17% on Monday, while the Shenzhen Component Index (399001.SZ) fell 3.43%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 2.75% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 4.3%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: The Reshaping of the World as Ukraine War Rages On
Biggest European conflict since World War II sets off profound changes including a new level of economic warfare with unknown consequences
· Weekly Must Read: The Murky World of High-Frequency Futures Trading in China
Experts say such trading reaped about $725 million in total profits in 2019, about 60% of which went to foreign firms. With the rules still unclear, how to regulate these companies has become a challenge
· New U.S. Ambassador to China Arrives to Fill Role Left Vacant for Over a Year
Career diplomat Nicholas Burns drew Beijing’s ire in October for comments he made on Taiwan and the origins of Covid during his Senate confirmation hearings
· Hong Kong Recommends Fourth Covid Jab For the Vulnerable as Cases Soar
New advice comes after daily infections surged to a record this week as the Asian financial hub battles its worst outbreak of the pandemic
· Two Sessions: China Sets Lowest GDP Growth Target in More Than Three Decades
A housing market slump, stringent Covid controls and global risks will continue to curb demand
· Weekend Long Read: Tracing Rimbaud’s Footsteps Aboard a Chinese Railway in Ethiopia
As the African landscape engulfs the European railways first envisioned by the adventurous French poet, how will the modern Chinese railway fare a hundred years from now?
· Two Sessions: China Sets 2022 GDP Growth Target at Around 5.5%
The goal is lower than last year’s ‘above 6%’ target and 8.1% actual growth
Changan Automobile chairman and NPC delegate Zhu Huarong says overseas companies shoul
Driverless truck developer Inceptio raises $188 million, Baidu CEO says BYD will adopt its intelligent driving technologies
· In Depth: As More Scammers Find Shelter in Cambodia, More Chinese Become Victims
Stories of kidnappings and human trafficking such as the recent ‘blood slave’ case highlight the growing danger China’s citizens face in the Southeast Asian nation since Beijing clamped down on fraudsters at home
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This article was generated by Caixin Automation.
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