China’s benchmark Shanghai Composite Index (000001.SH) gained 0.6% on Monday, while the Shenzhen Component Index (399001.SZ) rose 1.04%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.79% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.2%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: The Covid-Fighting Struggle of China’s Nursing Homes
Living Shanghai resident in a body bag symbolizes deep-seated failures of the country’s nascent system of caring for a burgeoning elderly population
· Beijing Probes Whether Hospital Covid Protocols Contributed to Man’s Death
Father claims hospital initially refused to admit his critically ill son with resulting delay in sending an ambulance proving fatal
· Hong Kong-Mainland ETF Connect May Start in Two Months
Beijing and Hong Kong securities regulators agree on plan to carry out exchange-traded fund link proposed in December
· Kangmei Investors Collect $364 Million in First Class-Action Judgment
Scandal-plagued drugmaker issues fraud compensation payments to 52,000 stockholders under terms of November court ruling
· In Depth: China’s Silver Screens Lose Their Luster as Pandemic Grinds On
After years of disruption to theater operations and filmmaking, the country’s movie industry is nearing the brink
· Tech Insider: Baidu Boosts Robotaxi Team, Alibaba’s Widening Losses
TikTok launches livestream subscription program, Xiaomi strikes deal with Huawei’s former camera partner
· Covid Controls Slice Beijing Restaurants’ Income in Half, Survey Shows
Eateries look for new ways to serve customers, including street stalls, with mixed results
· Opinion: How Davos Fell Behind the Times
The WEF and other global forums, once a haven for the elite to debate and set the global agenda, are increasingly providing less and less leadership
· China Subsidizes Airlines, Car Purchases to Ease Pain of Crippling Lockdowns
Authorities issue a raft of measures to boost consumer spending and support businesses hit hard by persistent Covid controls
· Beijing Health Officials Probed for Covid Testing Fraud
The trio were responsible for supervising a lab where testing irregularities were found in an investigation launched earlier
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This article was generated by Caixin Automation.
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