China’s benchmark Shanghai Composite Index (000001.SH) gained 0.2% on Monday, while the Shenzhen Component Index (399001.SZ) rose 0.32%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.29% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.82%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: China’s AI Quartet Walk Through the Valley of Death
SenseTime, Megvii, CloudWalk and Yitu need IPO cash, but operating losses and narrow business models suggest stock investors may balk
· More Chinese Cities Adopt Broader ‘Space-Time’ Criteria for Labeling Covid Case Close Contacts
In Chengdu, being within the same 800-meter grid square of a confirmed case for 10 minutes in the last two weeks could see a person’s movement curtailed
· Prestigious British Private School Abandons Plan for Chinese Branches
Westminster School says new education rules, pandemic made expansion untenable
· China’s Domestic Sportwear Brands Rapidly Closing on Nike, Adidas
Improvements to product quality essential if global ambitions are to be reached
· Weekly Must-Read: Life on Pause in Ruili’s Endless Fight Against Covid-19
As default risks rise, many offshore debt holders are dumping bonds in the real estate sector, driving prices so low that some bargain-hunters are wading in
· Weekend Long Read: How China’s Data Regulations Can Meet the CPTPP Requirements (Part I)
China can accept the Comprehensive and Progressive Agreement for Trans-Pacific Partnership’s rules provided that compliance matters are considered when formulating detailed security assessment rules on cross-border data transfers
· Clover Biopharmaceuticals Shares Fall on Hong Kong Debut
Chinese Covid-19 vaccine developer raises $240 million to fund development and commercialization of its product
· Haier Founder Zhang Ruimin to Step Down as Chairman
Legendary 72-year-old entrepreneur transformed a failing refrigerator factory into a global appliance behemoth and created the ‘rendanheyi’ business model
· Hong Kong Could Reopen Its Mainland Border in February, Lam Says
City will strengthen epidemic control measures to ensure reopening won’t bring any additional Covid-19 risk to the Chinese mainland, spokesperson for Beijing's Hong Kong affairs office says
· With an Eye on Cross-Border Investment, China and EU Craft Joint Standards for Green Projects
The newly published taxonomy lists 80 activities in six industries that both sides now recognize as green and sustainable
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This article was generated by Caixin Automation.
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