China’s benchmark Shanghai Composite Index (000001.SH) gained 0.15% on Monday, while the Shenzhen Component Index (399001.SZ) fell 0.36%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.64% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.88%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: Feed Giant New Hope Navigates Downside of Boom-Bust Cycle
China’s No. 3 Hog Breeder is hurting as prices drop after boosting capacity
· Top Communist Party Foreign Affairs Official Meets With U.S. Secretary of State
Liu Jianchao, head of the International Department of the CPC’s Central Committee met Antony Blinken in Washington as part of efforts to get ties back on track
· Haitong Securities Delists Hong Kong Unit After Heavy Losses
Haitong International Securities Group Ltd. was taken private this week after almost 14 years, with parent offering HK$3.47 billion for its 2.28 billion outstanding shares
· Weekend Long Read: The Chinese Historian Looking to Balance Individualism and Collectivism
Cho-yun Hsu believes the experiences of the U.S. and former Soviet Union over the last 60 years should serve as warnings
· China to Build Search Platform for Consumer Financial Products
New mechanism announced to protect the interests of financial customers amid growing concerns at tech companies teaming up with banks
· Fosun Kite Launches China’s First Outcome-based Payment Plan for CAR-T Therapy
Innovative scheme allows cancer patients to claim a refund of up to half the cost of treatment if expensive ‘last resort’ lymphoma therapy fails to work
· China Premier to Speak at 2024 World Economic Forum
Li Qiang is scheduled to visit Europe next week to deliver a special address at the event in Davos, and pay official visits to host Switzerland and Ireland
· China Names New Climate Envoy
Liu Zhenmin, a career diplomat, is replacing special envoy Xie Zhenhua, who is stepping down ‘due to health reasons’
· Tech Insider: Huawei Takes On Tesla, Iflytek to Spin Off Health Care Arm
BYD’s first chartered cargo ship for EVs sets sail, China’s EV-market heads for further slowdown
· China Relaxes Visa Rules for Foreign Travelers
Revised rules make it easier for foreigners to come to China, a move it is hoped will increase visitor numbers and boost the economy
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This article was generated by Caixin Automation.
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