China’s benchmark Shanghai Composite Index (000001.SH) gained 0.23% on Monday, while the Shenzhen Component Index (399001.SZ) rose 0.18%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.07% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.14%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: The Dilemma of China’s Power Market Restructuring
Drive to balance state control of electricity prices with market forces hits a $1.39 billion pothole in Zhejiang that officials can’t fill
· Woman Falls to Her Death From Building Sealed Off for Covid Control
Daughter in Inner Mongolia’s Hohhot goes viral on social media as she cries out for help trying to get past building’s welded-shut gate
· China to ‘Unswervingly’ Keep to Covid Zero Policy, Dashing Hopes
Stringent policies have put cities, factories and millions under prolonged lockdowns
· Deputy Chinese Central Bank Governor Probed, Sources Say
Deputy PBOC governor Fan Yifei became the first high-level official to be detained after the party congress
· Morningstar Pays $31 Million to Scale Back China Business
Several hundred people in the southern China technology hub have their posts relocated to Mumbai, Madrid, Toronto and Chicago, Bloomberg reports
· Weekend Long Read: Can Anyone Replace China as the World’s Factory?
Economic and geopolitical factors threaten the country’s status in global manufacturing, but its would-be successors all have problems of their own
· China Clears the Way for New Personal Pension System
Government agencies issue key documents and rules for launching a multibillion-dollar industry encouraging personal saving and investment for retirement
· Xi Jinping Repeats China’s Commitment to Opening-Up Policy
Chinese president reaffirms support for economic globalization and expansion of trade in remarks to international import expo in Shanghai
· In Depth: Mild Inflation Hasn’t Stopped Chinese Consumers Feeling Squeezed
While the headline CPI remains below the government’s 3% ceiling, pork and vegetable prices are surging
· China Must Boost Demand and Deepen Supply-Side Reform, Liu He Says
The country needs to pursue a strategy that combines both efforts to meet changing conditions at home and abroad, vice premier says
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