Caixin
Jul 05, 2021 03:03 PM
FINANCE

Shanghai Composite Index Rose 0.44% on Monday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.44% on Monday, while the Shenzhen Component Index (399001.SZ) rose 0.33%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 2.45% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.55%.

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

· After Didi, Two More Freshly Listed Companies Fall Under Security Probe

China’s cyberspace administration orders recruitment platform Boss Zhipin and two apps run by Full Truck Alliance to stop registering new users

· China’s Services Expansion Falters on Slowdown in New Orders, Caixin PMI Shows

Caixin’s services PMI fell to 50.3 in June, the weakest reading in 14 months

· Cover Story: China’s 10-Year Campaign to Nourish Rural School Kids

Remote Du’an county shows successes of ambitious program but also the daunting challenges of rising food and operating costs

· China’s Cybersecurity Regulator Orders Didi Removed From App Stores

Ride-hailing giant accused of violating laws and regulations with its collection and use of personal information

· China Calls on Washington to Ensure Smooth Transition in Afghanistan After Troop Withdrawal

The U.S. should not shrug off responsibilities and the pullout should not lead to chaos or war, Foreign Minister Wang Yi said at a forum in Beijing

· Appeals Court Increases Sentences in Fraud Case Related to Hong Kong-Zhuhai-Macao Bridge

Punishments of 11 laboratory staff found guilty of falsifying test results for construction materials raised to up to two years in prison

· China Bond Market Opening Paves Way to Unleash Funds on World

The surge in foreign holdings of Chinese sovereign debt bodes well for the expected launch of a program to allow domestic investors to purchase offshore bonds

· How Buddhism Came to Ancient China Despite Dynastic Misgivings

The war-torn central plains brought tax-evading civilians into the fold, softening Buddhism’s foreign edges

· Weekend Long Read: Entry to University Is No Longer a Ticket to Privilege in China

A higher education is not enough anymore to secure a desirable city job for rural children, making low-income families less motivated to invest in schooling

· Energy Insider: PetroChina and Sinopec Swing to Profits; Huadian Called on Carpet Over Safety

Huadian also completes second round of asset restructuring; Jiangling Motors’ June vehicle sales fall; profits surge for Azure, Zijin Mining and Tongling Nonferrous Metals

Click here to read more of the latest news.

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