China’s benchmark Shanghai Composite Index (000001.SH) gained 0.46% on Monday, while the Shenzhen Component Index (399001.SZ) rose 0.43%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.14% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.32%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: Rethinking China’s Property Market Meltdown
As top performers Gemdale and Vanke show signs of teetering, calls are growing for a fresh approach, with construction of public housing touted as a panacea
· Opinion: Xi-Biden Summit Sets New Direction for China-U.S. Relations
The promotion of stable and predictable patterns of interaction between the nations holds greater significance than immediate progress in specific areas
· Ex-VP of China Development Bank Booted From Party for ‘Rampant Abuse’ of Power
A six-month anti-graft probe found that Zhou Qingyu had accepted gifts and money on a 'large scale' and intervened in the issuance of loans at nation’s largest policy lender
· U.S. Removes China Security Ministry Institute From Export Blacklist
Chinese Ministry of Public Security’s Institute of Forensic Science was placed on the list in May 2020 and its removal comes just a day after summit between President Xi Jinping and Joe Biden
· Weekend Long Read: Everything You Need to Know About ESG in China
This year’s environmental, social, and governance space has been characterized by a focus on the ‘dual carbon’ goals, an emphasis on disclosure and product growth, and the insurance industry going green
· China Tells Top Financial Institutions to Bolster the Property Market
Central bank, financial regulators and securities commission issue marching orders to China’s biggest banks, asset managers, brokerages and stock exchanges
· China to Strengthen Oversight of Data Security at Accounting Firms
Draft rules stipulate auditors may have to go through additional cybersecurity reviews for work that involves national security
· How a Joint Ticket by Taiwan’s Opposition Would Play Out in January’s Election
The Kuomintang and the Taiwan People’s Party will collaborate in the poll, threatening the incumbent ruling party’s eight-year grip on power
· China-U.S. APEC Summit Signals ‘Rapprochement and Cooperation,’ Caixin Publisher Says
The meeting between President Xi Jinping and U.S. counterpart Joe Biden provided the ‘anchor’ for the world’s most important bilateral relationship, said Hu Shuli
· Ex-Senior Provincial Official Stung in China’s Sweeping Corruption Probe
Former deputy head of Sichuan’s top political advisory body Yang Kening is being investigated for ‘serious violations of discipline and law’
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This article was generated by Caixin Automation.
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