China’s benchmark Shanghai Composite Index (000001.SH) gained 0.53% on Monday, while the Shenzhen Component Index (399001.SZ) rose 1.29%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.56% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.9%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: Overturning of Abortion Rights Lays Bare the Polarization of America
Supreme Court’s decision to strike down the 1973 Roe vs. Wade ruling feared to foreshadow more curtailing of rights
· Henan Province Gets New Top Finance Regulator Amid Frozen Deposits Scandal
Liu Rong, a former deputy department chief at the China banking and insurance watchdog, will oversee all provincial financial regulation
· Shanghai Influencer Charged for Operating Bogus Online ETF Trading Platform
The accused, identified only as Xu, allegedly lured investors to make trades totaling $4.5 million, often resulting in heavy losses
After moving to the U.S. when he was a 6-year-old in 1966, Tony Leung, a child of Chinese immigrants from Hong Kong, went to Yale and later became a federal judge in the state of Minnesota some 40 years later
· Graft Busters Probe Another Former China Railway Official
Chen Boshi, retired senior executive, comes under investigation following downfall in March of state railway operator’s former general manager
· Chinese Cities Slash Spending as Revenue Declines
Fallout from pandemic controls and tax cuts to bolster economy force local officials to undertake sweeping budget cuts for a broad range of services
· Chinese Tech Giants Cut Back on Office Space in Shenzhen
Tencent, JD.com and Kuaishou have reduced office occupancy in the South China technology hub
· China to Ramp Up Coal Output as Energy Demand Soars
Shrinking imports and hot weather are driving energy prices sky-high
· Tech Insider: Probed Apps Back in Stores, Alibaba Launches Carbon Accounting Tool
Nio denies short-seller claims of dodgy accounting, U.S. accused of cyberattacks on Chinese research institutes
· Xi Stresses Hong Kong Must Be Governed by ‘Patriots’ as City’s New Chief Sworn In
President says ‘one country, two systems’ principle is here to stay, while urging the city’s new leadership team to enhance its governing capability, boost economic growth and tackle quality of life issues
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This article was generated by Caixin Automation.
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