Caixin
Aug 01, 2022 03:03 PM
FINANCE

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

Pony.ai 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.

This article was generated by Caixin Automation.

Download our app to receive breaking news alerts and read the news on the go.

Follow the Chinese markets in real time with Caixin Global’s new stock database.

Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST