Caixin
Jun 28, 2021 03:03 PM
FINANCE

Shanghai Composite Index Ended Nearly Flat on Monday

China’s benchmark Shanghai Composite Index (000001.SH) closed nearly flat on Monday, while the Shenzhen Component Index (399001.SZ) rose 0.98%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.83% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.95%.

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

· Cover Story: How Covid Is Altering International Sports

Dramatic format changes foreshadow the future for multibillion-dollar mega events as Euro 2020 and the Olympics resume amid the pandemic

· China Launches $200 Million Earth Simulation Lab to Gain Bigger Say in Climate Negotiations

The ability to generate its own climate and environmental predictions will amplify the country’s voice on the international stage, authorities say

· Tesla to Recall Over 285,000 Cars in China on Autopilot Issues

Market regulator says autopilot systems are too easily activated during a drive and could potentially lead to car crashes

· South Korea’s Posco Builds Chinese Auto Steel Venture With HBIS

Rivals invest $600 million to supply galvanized sheets as China’s car industry expands

· Weekend Long Read: Terminally Ill Patients Need More Than Medicine

China suffers an acute shortage of hospice care. More resources and better education about death are needed to ease the pain of the dying

· Fields Medal Winner Caucher Birkar Joins China’s Tsinghua University

Iranian Kurdish mathematician won his field’s top prize in 2018 for his contributions to algebraic geometry

· Energy Insider: Chinese SOE Profits Up 170% in First Five Months; Baowu and Vale Launch Indonesia Nickel Project

China debuts a giant electric mining dump truck; Sinopec and Trina Solar ink a renewable energy pact; Henan signs hydrogen deal with U.K.’s Logan Energy

· Greater Bay Area Banks Gear Up for Cross-Border Investment Program

Caixin survey finds banks in Hong Kong are ready to go in experimental wealth management connect program across Guangdong-Hong Kong-Macao area, despite absence of detailed rules

· Opinion: Seafarers Under Covid – China Should Fill Gap Left by India and Philippines

On the annual Day of the Seafarer, a close look at how the virus is reshaping the industry in India, China and other countries

· Blockchain-Backed Art Is Not Cryptocurrency, Ant Group Stresses Amid Crackdown

Company behind Alipay tries to dispel confusion over what makes NFTs different after successful sale led some to question if the company was breaking China’s rules

Click here to read more of the latest news.

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