Caixin
Jun 07, 2021 03:03 PM
FINANCE

Shanghai Composite Index Rose 0.21% on Monday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.21% on Monday, while the Shenzhen Component Index (399001.SZ) fell 0.06%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.14% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.44%.

Below is a rundown of the top China business and finance stories, plus other news for the day:

· Cover Story: Guangzhou’s Battle Against a Potent Virus Variant

With more than 70 new Covid-19 cases in 2 weeks, city’s response will test China’s ability to tamp down mutations

· China to Start Factoring Carbon Emissions Into Environmental Impact Checks

Assessments of new construction projects will have to consider the amount of carbon they will pump into the atmosphere, as Beijing looks to deliver on bold climate pledges

· China Clears Sinovac Covid-19 Vaccine for Emergency Use on Children

Asian giant becomes first major nation to approve the use of coronavirus shots on kids as young as 3 years old

· Weekend Long Read: ‘Lying Flat’ Is the New Resistance Movement to Materialism

In today’s society, the competition is endless and leads nowhere. Is there any more rebellious act than rejecting the rat race?

· Energy Insider: Golden Concord Enters Hydrogen Energy Market; China Sends a Train to Paris

Henan building material industry set up $1.56 billion joint venture; officials across several provinces scrambled to address the electricity shortages

· Chinese Investors Borrow the Most in 6 Years as Market Surges

Margin trading hits $271 billion, the most since July 2015, as retail investors rush to open new trading accounts and some bet against certain stocks

· Former Ant Group CEO Resigns as Chairman of Top Fund Manager

Simon Hu Departs less than three months after he quit as Ant Group chief amid government-ordered reorganization

· Exclusive: China Oceanwide’s IDG Sale May Net as Much as $600 Million

Deal with Blackstone to unload tech data unit for $1.3 billion will help troubled conglomerate retire billions of dollars of debt this year

· In Depth: Continuing Trump Policy, Biden Expands Chinese Military Blacklist

Lengthening list to 59 firms is latest signal that the U.S. president intends to maintain the Trump administration’s harder stance toward Beijing

· Sinopharm’s Conventional Vaccine Tech Is No Slouch, Executive Says

Chairman of vaccine-maker’s Beijing unit rebuts criticism that inactivated Covid-19 vaccines are technologically backward

Click here to read more of the latest news.

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