China’s benchmark Shanghai Composite Index (000001.SH) gained 0.49% on Monday, while the Shenzhen Component Index (399001.SZ) rose 0.08%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.27% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.14%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: Chinese Gamble With Their Lives in the Philippines Amid Waves of Kidnappings
Labeled by international media as the “kidnapping capital of the world” in the 1990s, Manila today is plagued by trans-national criminal networks that are now increasingly targeting visiting Chinese businesspeople, who they often snatch for ransom right at the airport
· China’s Ganfeng Lithium Unit Inks JV With Turkish Battery Producer for New Plant
Ganfeng LiEnergy Tech will join Istanbul-listed Yigit Aku to build a $500 million plant in Turkey with annual capacity of 5 gigawatt hours
· Final Verdict in EU Anti-Subsidy Probe of Chinese-Made EVs Expected by End of Month
China trade chamber made the prediction on the investigation, which last month found Chinese makers benefited from ‘unfair subsidization,’ imposing provisional punitive duties
· Weekend Long Read: With AI, China’s New Hit Dramas Are Virtually Writing Themselves
More and more of China’s ultrashorts are now being crafted entirely by the technology, from script to special effects. But as it advances, concerns about creativity and authenticity are growing
· Hong Kong’s Talent Attraction Programs Helps Population Grow
Tens of thousands of professionals, many from the mainland, seek a future in Hong Kong
· Ant in Talks to Buy Online Healthcare Platform HaoDF
Expansion into online healthcare services could be just what the doctor ordered for Ant
· Investors Are Warming to Panda Bonds, Deutsche Bank Executive Says
The German lender’s first two tranches of the debt received lukewarm interest in 2023, but subscriptions have soared this year
· Nio’s Mass-Market EV Brand Onvo to Start Selling First Car Next Month
The midsize L60 SUV is positioned as a competitor to Tesla’s Model Y and Toyota’s RAV4
· Malaysian Police Bust Gang Who Kidnapped Chinese National
The criminal ring forced the family of the man abducted near Kuala Lumpur to pay a ransom of nearly $1.2 million
· Struggling Autonomous Trucking Company Turns to Making ‘Three-Body Problem’ Movie With AI
U.S.-based startup TuSimple says it will work with a Shanghai company on the production of an animated film and video game based on the popular novel series
Click here to read more of the latest news.
This article was generated by Caixin Automation.
