Caixin
Apr 12, 2021 03:03 PM
FINANCE

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:

· Grab’s $34 Billion Plan to Go Public Puts Southeast Asia Tech on the Map

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

· LG and SK Reach $1.8 Billion Settlement to End Electric-Vehicle Battery Spat

Deal between the South Korean companies spares the Biden administration from an unpalatable choice

· Honor of Kings Beats PUBG Mobile as World’s Highest-Earning Mobile Game in March

· Cover Story: Tech Giants Bet on the Smart-Car Revolution

Advances in electric power and self-driving technology are bringing revolutionary changes to the century-old auto industry

· Police Crackdown on Sex Doll Rental Firms Fires Debate About Migrants’ Needs

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

· U.S. Senate Unveils Strategy to Counter China With New Bill

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"

· Beijing Exhibitions: Everything You Need to See in April

Whether it's Eastern or Western, modern or classical, we've got great ideas for your next art outing

· China Vaccine Capacity to Hit 5 Billion Doses Next Year, Industry Chief Says

Feng Duojia added at a recent forum that the country has administered 130 million shots in its Covid-19 vaccination campaign to date

· Update: Alibaba Fined $2.8 Billion in Landmark China Antitrust Ruling

Beijing slaps e-commerce giant with huge penalty equivalent to 4% of domestic revenue in 2019 for cultivating monopolies

· Weekend Long Read: Zhou Xiaochuan on the Key Questions Facing China’s Carbon Ambitions (Part I)

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

Click here to read more of the latest news.

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