Caixin
Nov 21, 2022 03:03 PM
FINANCE

Shanghai Composite Index Fell 0.39% on Monday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.39% on Monday, while the Shenzhen Component Index (399001.SZ) fell 0.41%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) ended nearly flat for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.1%.

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

· Cover Story: China’s Halting Steps to Dial Back ‘Zero Covid’

As central authorities cite scientific evidence for easing travel and testing rules, local officials worry about being held accountable for new outbreaks

· Caixin Summit: China Should Set GDP Target of No Less Than 5% for 2023, Top State Economist Says

Liu Shijin, a member of the top political consultative body, said momentum was building for a turnaround next year after a slowdown in 2022

· Flights to China Still Lag Demand Despite Easing of Some Covid Restrictions, Sources Say

Tickets from hubs like Singapore and Bangkok remain hard to get and expensive, dashing hopes of a quick resumption of inbound travel

· Caixin Summit: Former Vice Minister Calls For Global Sustainability Disclosure Standards

Zhu Guangyao said rules will be ‘an important basis …for rating by global investors and rating agencies’

· Weekend Long Read: How China’s ESG Policy Is Progressing

The Chinese market still enjoys considerable room for growth, and top-down policies remain the most important force driving development of the sector

· New Rules to Streamline Foreign Investment in $20 Trillion Bond Market

Chinese authorities outline new system to attract more overseas cash into the world’s second-largest debt market

· Former Huishang Bank Chairman Expelled From Communist Party

Wu Xuemin turned over to judicial system for prosecution on corruption charges turned up by party’s top graft busters

· Hu Shuli: Strengthening Connections in a Time of Uncertainties and Anxieties

Caixin Summit — in week of G-10 and APEC — shows that multilateralism and sustainable development ‘are bursting with new vitality’

· Caixin Summit: Overconfidence About Renewables Contributed to China’s Power Crunch Last Year, Ex-PBOC Chief Says

The country’s energy supply ‘was more vulnerable than we had imagined,’ Zhou tells forum

· Caixin Summit: Energy Expert Pours Cold Water on Hydrogen Hopes

Equipment powered by hydrogen will inevitably be costlier to run than that which directly uses electricity, Zhou Dadi tells forum

Click here to read more of the latest news.

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