The Shanghai Composite Index rose 0.4% on Monday


The Chinese benchmark Shanghai Composite Index (000001.SH) gained 0.4% on Monday, while the Shenzhen Component Index (399001.SZ) increased 0.67%.

The Shanghai STAR 50 index with a strong technological component (000688.SH) gained 0.7% for the day, while Shenzhen’s similar ChiNext index (399006.SZ) increased by 0.87%.

Below is an overview of the top business and financial stories in China, along with other news of the day:

Cover article: Didi’s Rocky Road to move inventory to Hong Kong

Rideshare giant may need to take unprecedented action to move commerce out of New York City with no easy options available

Guangdong cities urge residents to use less water amid record drought

Shenzhen says it will experience a major deficit this winter as rainfall in the Dong River basin is the lowest in nearly 60 years

In memory of the journalist who marked the era, Zuo Fang, founder of Southern Weekly

Zuo felt a deep need to advance scientific and democratic enlightenment, writes his successor Jiang Yiping

Credit ratings of more than a dozen Chinese real estate companies pulled in deep crisis

Loss of ratings will weaken ability of real estate developers to raise funding in global bond markets, industry insiders and analysts say

Must Read Weekly: China Dusts Tried-and-Written Playbook After Evergrande’s Default Warning

Suspicion of default after long-standing debt fight prompts provincial government to send task force and key regulators to pledge a coordinated response

Long Weekend Read: Why China Needs Glamor in a Multipolar World

Former Singaporean Foreign Minister George Yeo believes it is in China’s best interests to master the art of charm in its relations with other countries

China makes stability a top priority for next year’s economic work

Annual conference on the economy cites the ‘triple push’ of shrinking demand, supply shocks and weakening expectations amid growing external uncertainty

Chinese capital offers free online classes to middle school students amid education crackdown

Beijing city government move aims to meet demand for further education following sweeping restrictions on private companies

Chinese banker who fled to Canada embezzled millions of dollars through bond trading

From 2008 to 2010, Bai Jing illegally obtained over 200 million yuan of 73 bond transactions

Opinion: don’t underestimate the potential of Hong Kong as a new home for Chinese stocks listed in the US

Many market downsides could be alleviated if some reputable companies only trade in the city

Click on here for more on the latest news.

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