China’s benchmark Shanghai Composite Index (000001.SH) gained 0.99% on Monday, while the Shenzhen Component Index (399001.SZ) rose 1.46%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 2.07% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 2.25%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Ex-Beijing Hospital President Taken Away by Corruption Investigators
Tian Wei, a renowned orthopedic physician and robotics pioneer, was also a member of the prestigious Chinese Academy of Engineering
· Cover Story: China’s Challenge to Fill the Multibillion-Dollar Insurance Blackhole
The insurance industry is sliding deeper into trouble, with slow sales, weak investment returns and low interest rates weighing on profits, fueling concerns that some may not be able to pay out maturing policies
· Shenzhen Jinjia Group Chairman Detained Amid Busy Week for Graft Busters
Qiao Luyu joins executives and board members from five other listed companies to be held by investigators recently as China’s corruption crackdown rolls on
· China Appoints Offshore Oil Exploration Veteran as CNOOC General Manager
Zhou Xinhuai gets promoted at the country’s largest offshore oil and gas producer after having worked for the company for almost 30 years
· Weekend Long Read: What Does the Data Tell Us About China’s Future Economy?
A close examination of a government report on the country’s social and economic development in 2023 offers a glimpse of what problems will need to be solved going forward
· Former General Manager of CNOOC Under Corruption Probe
Li Yong is the 11th senior official to come under investigation for graft so far this year, and the second executive from the oil sector
· China Issues Stringent Rules to Tighten Listing Controls and Tackle Financial Fraud
The new rules, designed to increase investors’ confidence, underline the crucial role of intermediate institutions as gatekeepers
· Opinion: Decoding the Impact of Spot Bitcoin ETFs on Mainstream Finance
While the cryptocurrency is becoming more accepted as an investment, its nascent ETFs are subject to risks such as price volatility, cyberattacks and tracking errors
· Exclusive: ICBC Vice President Set to Become Citic Group’s New President
Zhang Wenwu was appointed deputy head of the group’s Communist Party committee, putting him on track to take over the executive role
· China University Official Caught in Sweeping Campaign Against Graft in Sports
Cao Weidong, Communist Party chief of Beijing Sport University, is suspected of ‘serious violations of discipline and law’
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This article was generated by Caixin Automation.
