Caixin
Jan 10, 2022 03:03 PM
FINANCE

Shanghai Composite Index Rose 0.39% on Monday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.39% on Monday, while the Shenzhen Component Index (399001.SZ) rose 0.44%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.98% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) ended nearly flat.

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

· Opinion: Why 2021 Was a Great Year for the Opening-Up of China’s Financial Markets

Expansion of the Bond Connect program and greater inclusion of Chinese government bonds in global indexes have made the country’s markets more connected than ever to the rest of the world

· Cover Story: How the Global Semiconductor Industry Turned Into a Free-for-All

Facing the need for specialized chips for AI and new applications, internet giants, mobile phone providers and automakers are pouring billions into their own integrated circuits

· Update: Port City Neighboring Beijing Scrambles to Contain First Local Omicron Flare-Up

Disease control authorities in Tianjin have confirmed the genetic sequence of the coronavirus strain that infected the pair of patients was identical to the most common lineage of the more contagious variant

· China’s First Privately-Owned High-Speed Rail Starts Operations

The 266-kilometer Hangtai high-speed railway links Hangzhou and Taizhou. The project’s success could attract more private capital to finance the nation’s costly high-speed rail network

· Private Equity Tycoon Wang Chaoyong Released on Bail

Detained by police on Nov. 30, the Chinaequity CEO and ex-Wall Street banker has since posted social media updates on Friday, while his company confirmed they’re in touch with him

· Weekly Must-Read: What China’s New Cybersecurity Review Rules Mean for IPOs

Final regulations unveiled Tuesday fueled speculation the authorities may exempt mainland companies seeking to sell stock in Hong Kong from the review procedure

· Zhongzhi Enterprise Group Consolidates Wealth Management Units

Newly formed Zhongzhi Fund Sales Co. will absorb four businesses and retain just one independent fund sales license at the request of regulators

· China Trials Reforms to Boost Market’s Role in Pricing Land, Labor, Capital

State Council releases plan to remove ‘institutional barriers’ to the free flow of factors of production

· Tencent’s Stake Sale in Singapore Gaming Giant Had Nothing to Do With Regulatory Risk, Source Says

The Chinese tech giant said Tuesday that its divestment of Sea shares provides it with ‘resources to fund other investments and social initiatives’

· Birthday Party Lands Hong Kong Officials, Lawmakers in Quarantine Over Fear of Omicron Spread

Suspected Covid cases were found among the more than 100 attendees of a large gathering

Click here to read more of the latest news.

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