Aug 01, 2022 03:03 PM

Shanghai Composite Index Rose 0.21% on Monday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.21% on Monday, while the Shenzhen Component Index (399001.SZ) rose 1.2%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.03% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 2.37%.

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

· Cover Story: Why Southeast Asia Is a Battleground in the Global China-U.S. Rivalry

Vast, diverse region is strategically placed and promises dynamic growth, but it also may offer opportunities for superpower cooperation

· China to Extend Tax Exemption on Electric Vehicle Purchases for One Year

The State Council said the exemption on the 10% tax will continue through to the end of 2023 in an abrupt U-turn likely to provide an added boon to the industry

· Top Stories of the Month: Why China Still Doesn’t Have an mRNA Shot

In a race to develop advanced Covid inoculations, Chinese vaccine-makers lack technical expertise, ingredients, production equipment and delivery system

· Weekend Long Read: As China Reforms Its Financial System, Pragmatism Should Prevail

To fit the changing economy, the sector must do more to boost innovation and properly implement regulation, writes Huang Yiping

· China Names New MIIT Head After Corruption Probe of Predecessor

Jin Zhuanglong assumes key position in powerful ministry as China pushes to spur the industrial sector, promote a digital economy and tighten regulation of tech giants

· Three More Henan Banking Officials Come Under Investigation

Widening corruption probe of village banking scandal ensnares two CBIRC regulators and an official of China’s central bank

· Tech Insider: Volkswagen’s High Hopes, Huawei Now a Ride-Hailing Firm in heavyweight tie-up, Douban to mark all users by location

· Tianqi Lithium Pays Off Acquisition Loan After Hong Kong Listing

The metal producer, one of the world’s largest, had borrowed heavily to acquire about 23.8% of Chilean lithium giant SQM in 2018

· Authorities Hunt for Chinese Cop Suspected of Killing Three People

Sichuan province armed officer is suspected of shooting at least two people before going on the run

· China’s Leaders Stick to ‘Zero-Covid’ Despite Economic Slowdown, Analysts Say

Politburo meeting led by Xi Jinping appears to signal that ambitious GDP growth target would be ‘de-emphasized’

Click here to read more of the latest news.

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