Shanghai Composite Index Fell 1.09% on Monday
China’s benchmark Shanghai Composite Index (000001.SH) lost 1.09% on Monday, while the Shenzhen Component Index (399001.SZ) fell 2.3%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 2.2% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 2.28%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
The ride-hailing giant will this week unveil a listing via a U.S. blank-check company that values it at more than $34 billion, sources say, with Indonesia’s Traveloka to follow
Deal between the South Korean companies spares the Biden administration from an unpalatable choice
Advances in electric power and self-driving technology are bringing revolutionary changes to the century-old auto industry
The controversial businesses, which exist in a legal gray area, are popular among low-paid male factory workers left out of a hypercompetitive marriage market
Chinese Foreign Ministry has urged the U.S. to abandon its "Cold War, zero-sum game mentality" and stop pressing ahead with the "negative bill that harms China’s interests and sovereignty"
Whether it's Eastern or Western, modern or classical, we've got great ideas for your next art outing
Feng Duojia added at a recent forum that the country has administered 130 million shots in its Covid-19 vaccination campaign to date
Beijing slaps e-commerce giant with huge penalty equivalent to 4% of domestic revenue in 2019 for cultivating monopolies
Meeting the nation’s goals for reducing carbon emissions will require a solid foundation of data, measurement and analysis so that there is a clear, quantifiable target
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