China’s benchmark Shanghai Composite Index (000001.SH) gained 0.91% on Monday, while the Shenzhen Component Index (399001.SZ) rose 2.21%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.69% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 3.26%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: The Miracle and Mirage of Weight Loss Drugs
With more than half the adult population of China overweight or obese, the rush is on to secure prescriptions for drugs like semaglutide – better known as Ozempic
· Former ICBC Vice President Under Investigation for Suspected Corruption
Zhang Hongli has extensive international experience, having also worked for Goldman Sachs and Deutsch Bank
· Cross-Border Central Bank Digital Currency Trial Adopts Blockchain to Protect Privacy
In the experimental system, all sensitive data are protected by the technology, says a Chinese official
· U.S. Agriculture Department to Debut at China’s Largest Import Fair
The USDA will co-host the official U.S. pavilion at the China International Import Expo with AmCham Shanghai as Washington seeks to boost farm sales
· Central Bank Vows to Bolster Real Economy Through Efficient Lending
In response to policy calls from the Central Financial Work Conference, PBOC says it will maintain stable monetary policy and exchange rates
· Tweaks to Beijing Stock Exchange Set Off IPO Boom
Revisions to rules targeting small and medium-sized enterprises fuel investor enthusiasm even as China’s other stock markets stagnate
· Apple CEO Seeks to Calm Jitters About China Sales as Huawei Looms
U.S. tech giant reports record quarterly revenue for its iPhone business in China even as its total revenue there fell 2.5%
· Asia Affairs Veteran Kurt Campbell Nominated for Deputy U.S. Secretary of State
Move signifies Washington’s continued strategic focus on China as it seeks to balance competition and cooperation with Beijing, experts say
· Tech Insider: Huawei EV Partnership Surprises, Obstacles Loom in China’s AI Craze
Influencers told to show real names on social media, Neta Auto follows fellow EV-makers into UAE
· Former Inner Mongolia Chief Justice Pleads Guilty to Bribery
Hu Yifeng took $5.1 million in exchange for favorable treatment in cases and other help over a 23-year period, prosecutors say
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This article was generated by Caixin Automation.
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