China’s benchmark Shanghai Composite Index (000001.SH) gained 1.4% on Monday, while the Shenzhen Component Index (399001.SZ) rose 1.41%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.82% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.85%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· L’Occitane Halts Trading in Hong Kong as Take-Private Bets Swell
French skin-care firm said last month its controlling shareholder was considering a deal to take the company private with a minimum possible offer of $3.31 per share
· Cover Story: Are Chinese Solar Giants Flying Too Close to the Sun?
Ballooning excess capacity, which already outstrips demand, could force out many Chinese solar companies in coming years amid tumbling global prices
· Head of China’s Top Military Court Removed From Post After Just Eight Months
Cheng Dongfang, the president of the People’s Liberation Army’s Military Court, was removed after a vote by Standing Committee of the National People’s Congress without giving a reason
· Chinese Premier Li Qiang to Visit Indonesia for ASEAN Summit
Li will also meet with Indonesian President Joko Widodo to discuss issues of ‘mutual interest’ during the four-day official trip
· Weekend Long Read: Why Adapting to Climate Change Has Become a Necessity
Jiang Zhaoli, an official spearheading China’s response at the environmental ministry, tells Caixin that adaptation is growing more urgent as extreme weather becomes the ‘new normal’
· China Tightens Oversight of Program Trading in Stock Market
CSRC issues new rules including a monitoring and reporting mechanism to put computer-driven algorithms under closer scrutiny
· Opinion: China’s Economic Stability on the Horizon
A deep dive into key measures of business sentiment finds significant evidence the economy is poised to turn a corner
· Opinion: China’s Property Market to See Short-Term Boom
As the country’s four biggest cities have allowed more people to enjoy lower mortgage rates and down payments, housing markets in first- and second-tier cities will get a boost in September and October
· China to Host Third Belt and Road Forum in October
The event marks 10 years since the establishment of the global infrastructure development scheme known as BRI
· Tech Insider: Huawei’s New Smartphone Fuels Chip Speculation, Baidu Chatbot Goes Public
How China’s chipmakers can level the playing field, ASML says it can keep shipping restricted chipmaking gear to China until year-end
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This article was generated by Caixin Automation.
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