Shanghai Composite Index Fell 0.48% on Monday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.48% on Monday, while the Shenzhen Component Index (399001.SZ) fell 0.27%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.94% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.08%.

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

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2: Update: EV Startup Aiways Looks Overseas as Domestic Business Grinds to a Halt, Sources Say