China’s benchmark Shanghai Composite Index (000001.SH) gained 1.19% on Monday, while the Shenzhen Component Index (399001.SZ) rose 2.62%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.68% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 2.97%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: How a China-Built Railway is Connecting Ethiopia to the World
Built and until recently fully operated by China, the Addis Ababa–Djibouti Railway is the first electrified transnational railway line in Africa and a vital trade link for the land-locked country
· Wanda to Cede Control of Its Mall Unit in $8.3 Billion Deal
Investors led by PAG will hold a combined stake of 60% in Newland Commercial Management, a newly formed holding company of Zhuhai Wanda Commercial Management
· Analysis: Xiaomi Launched Its Debut EV With Much Fanfare, But Can It Now Deliver on Its Promises?
Whether Xiaomi can attract buyers for its debut electric car beyond its established fanbase once the initial hype wears off will be crucial, industry insiders say
· Chinese Banks Raise Purchase Thresholds for Gold Products in Warning to Retail Investors
At least six banks including Agricultural Bank of China and Bank of China made the increase this month as spot gold has surged to fresh records, signaling caution about future fluctuations
· Weekend Long Read: China’s Hydrogen Future Explained in Eight Questions
Falling green electricity prices, rising climate concerns and advancements in end-use technologies make the element look at lot more promising as a source of clean energy
· Lithium Miners Profits Plunge as Oversupply Rattles Industry
Lithium prices collapse on surging supply and slowing demand
· Chinese Wind Turbine Makers Feel the Pinch of Fierce Competition
World-leading firms see margins fall as equipment prices trend lower
· Exclusive: China’s Financial Watchdog Reshuffles Veterans
He Guofeng will lead the unit at the National Financial Regulatory Administration that drafts qualifications for banks and insurers, with his current job to be filled by Zhang Xun, sources say
· Caixin Top Stories of the Month: Local Governments Struggle to Tackle Mountain of Hidden Debt
Progress has been slow as many authorities experience difficulties in refinancing the borrowings of their financing vehicles and banks worry about potential bad debts
· JPMorgan Names Rita Chan and Alan Ho as China Co-Senior Country Officers
The pair, whose appointments are set to take effect on April 1, is replacing Mark Leung, who is retiring after working for the bank for more than two decades
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This article was generated by Caixin Automation.
