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.
This article was generated by Caixin Automation.
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