Caixin
Jan 16, 2023 03:03 PM
FINANCE

Shanghai Composite Index Rose 1.01% on Monday

China’s benchmark Shanghai Composite Index (000001.SH) gained 1.01% on Monday, while the Shenzhen Component Index (399001.SZ) rose 1.58%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.88% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.86%.

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

· Cover Story: Where to Now for Alibaba in the Post-Jack Ma Era?

With Ma pulling further back from the reins of his e-commerce empire after ceding control of Ant Group, all eyes are watching to see if relations with the government can be patched up

· Weekend Long Read: China Loses Some of Its Brightest Stars

Among those who have died in recent weeks are the father of the country’s rocket program, the engineer who set the nation’s time and a central banker who helped open the financial system

· Tesla Lifts China’s New Energy Vehicle Exports to a Record

China exported 679,000 NEVs in 2022, up 120% from a year earlier, with the U.S. carmaker accounting for about 40% of shipments

· Chinese Vice Premier Liu He to Attend World Economic Forum in Davos

Event returns to traditional in-person format for the first time since the pandemic’s outbreak three years ago forced it to go virtual

· China Includes Digital Yuan in Calculating December Money Supply

Experimental e-CNY accounts for 0.13% of currency in circulation as China’s central bank becomes the first to count digital currency in monetary statistics

· Chinese Property Firms Left in the Dark About Who Can Qualify for Credit Support

The PBOC and the CBIRC reportedly created a list of developers that made the cut, but many companies say they don’t know anything about it

· China’s Covid Infections Could Remain High for Three Months, Expert Says

The former chief epidemiologist at the Chinese CDC, Zeng Guang, adds that high numbers of severe cases may persist even longer

· Tech Insider: Online Ad Rebound Forecast, Pony.ai’s Driver-Assistance System

CATL says its 2022 profit may jump up to 98%, Honda unveils high-end line of electric bikes in China

· Chinese Property Manager Tests Offshore Bond Market With $400 Million Sale

The issuance marks a rare appearance in the U.S. dollar bond market for a private Chinese real estate company

· China, U.S. Climate Envoys Agree to Keep Working on Climate Change

Xie Zhenhua and John Kerry discuss multilateral solutions to tackle the global problem

Click here to read more of the latest news.

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