China’s benchmark Shanghai Composite Index (000001.SH) gained 1.76% on Monday, while the Shenzhen Component Index (399001.SZ) rose 0.92%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.45% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.26%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: China’s ‘Zero-Covid’ Looks Done. So, What to Expect Next?
Vaccination campaign for the elderly gets rebooted and switch to home quarantine for close contacts and self-testing gathers pace across the country
· Beijing City Government Denies Rumors That Covid Controls Set to be Scrapped
Speculation had swirled online that the capital was poised to ditch nucleic acid testing and health code checks in public places
· Analysis: Guangzhou Becomes Test Case for Coexistence With Covid in China
The southern metropolis this week relaxed a string of tough ‘zero-Covid’ restrictions including snap lockdowns and centralized quarantine for close contacts
· China Oceanwide Has Potential Buyer for $1.2 Billion LA Project
After spending $3.5 billion on U.S. projects, the company has battled to recoup its overseas outlays and revive its mainland China operations
· Tsingshan Expands Investment in Zimbabwe
Chinese stainless steel and nickel giant agrees to add lithium and cement processing while increasing capacity for coke and stainless steel
· Reports of the Death of Hui Ka Yan May Have Been Greatly Exaggerated
Evergrande insiders and external sources deny online rumors that the developer’s billionaire founder and chairman committed suicide
· In Depth: China Households, Businesses Take Shine to Rooftop Photovoltaics
Policy support and market demand make ‘distributed solar’ an increasingly attractive, reliable source of power
· China’s Latest Local Government Debt Risk — Covid Facilities
Some provinces are spending the proceeds from special-purpose bond sales on temporary quarantine hospitals with dubious revenue prospects as they run out of eligible investment projects
· China’s Housing Sales Could Rebound Next Year on Easing Covid Measures, Analysts Say
Developers will likely see sales start to grow again in the second half as some cities shake off the pandemic
· Tech Insider: XPeng’s Sales Slide, Boss Zhipin Earnings Fall
TikTok CEO calls U.S. data protection concerns ‘solvable,’ American iPhone buyers have to wait a while longer
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This article was generated by Caixin Automation.
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