Caixin
Nov 22, 2021 03:03 PM
FINANCE

Shanghai Composite Index Rose 0.61% on Monday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.61% on Monday, while the Shenzhen Component Index (399001.SZ) rose 1.41%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 2.44% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 2.54%.

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

· Cover Story: Disappointments and Hopes From the Climate Summit

U.N. conference to combat global warming yields important progress on emissions but doesn’t go far enough, especially on coal, experts say

· Pilot Program Will Open Mainland Shipping to Foreign-Flagged Vessels

Foreign firms have called on China to open up its coastal shipping business since it joined the WTO in 2001

· Six Sentenced to Jail Over Zoo Leopard Escape Cover-Up

Zoo head Zhang Dequan among those found to have covered up escape, with one leopard still on the loose

· Weekly Must-Read: China Plays Down Stagflation Concerns as Commodity Price Gains Seen Easing

Statistics bureau spokesman says factors boosting producer-price inflation are temporary and economic growth is stable

· Weekend Long Read: Regulatory Insights From Caixin Summit 2021

Current and retired regulators shared their expert insights on the prevailing trends affecting the economy, finance, tech and trade in China

· Beijing Selects 16 Fintech Innovation Pilot Projects

Even as authorities try to corral the sector, financial regulators set out to test new generation of ideas involving big data, cloud computing and artificial intelligence

· Kangmei Verdict Spurs Wave of Independent Directors to Quit

Court ruling that five outside board members share liability in drugmaker’s massive fraud shows the need for overhauling corporate governance systems

· China Names and Shames 353 Private Firms Pretending to Be State-Owned

Impersonating a Chinese SOE is one way that unscrupulous firms get the public and lenders to trust them

· In Depth: Chinese Firms Hype Metaverse Ambitions, Official Grumbling Aside

Tech and gaming companies are pouring cash into their vision for the immersive VR world, but regulators appear to be eyeing the business with suspicion

· Tech Insider: Tencent Leads Investment in South African Digital Payment Startup, TikTok Remains World’s Most Downloaded App

Baidu aims to get its robotaxis on the road in 100 cities by 2030, Xiaomi pours more money into lidar developer

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