Caixin
May 09, 2022 03:03 PM
FINANCE

Shanghai Composite Index Rose 0.09% on Monday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.09% on Monday, while the Shenzhen Component Index (399001.SZ) fell 0.41%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.48% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.75%.

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

· Cover Story: Why Is China’s Powerful Export Engine Losing Steam?

Widespread pandemic lockdowns disrupt production and logistics, threatening global supply chain restructuring away from China

· How a Nursing Home Resident in a Body Bag Was Found Alive

Viral video of Shanghai mortuary workers’ discovery stirs outrage and allegations of negligence as authorities punish local officials

· China Skincare Leader Giant Biogene Files For Hong Kong IPO

Largest domestic supplier of collagen-based skincare products joins growing list of Chinese companies looking to HKEX over the U.S. to access global capital

· Weekend Long Read: Why China’s Seniors Hesitate to Get Vaccinated

The government has been trying to get shots specifically into the arms of people over 60 for more than a year, yet the vaccination rate of this most vulnerable group has remained consistently low

· Evergrande Dodges Onshore Default With Six-Month Debt Extension

Bondholders agree to delay payments due Friday as debt-laden real estate developer faces peak in obligations coming due amid restructuring effort

· China Floods Credit Into Industrial and Infrastructure Sectors

Policymakers hope lower rates and more money will bolster an economy hobbled by surging Covid, though first-quarter lending in the beleaguered property sector continued weak

· Chinese Sponsor of Super Bowl Plans U.S. Covid Test Factory

Sales in the country boosted Andon Health’s profits by 375 times to $2.1 billion in the first quarter

· Covid Delays 2022 Asian Games in China

The Olympic Council of Asia announces the event won’t take place as scheduled this September in the eastern city of Hangzhou

· Tech Insider: Hikvision Dives on Sanction Fears, Nio Gets Listing Nod

CATL poaches Huawei veteran, Arm spat continues

· Vice President Wang Qishan to Attend South Korean President’s Inauguration

A special representative and close aide of President Xi Jinping, Wang will lead a delegation to Seoul at the invitation of the South Korean government

Click here to read more of the latest news.

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