Shanghai Composite Index Fell 1.17% on Monday
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China’s benchmark Shanghai Composite Index (000001.SH) lost 1.17% on Monday, while the Shenzhen Component Index (399001.SZ) fell 1.55%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 2.54% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.39%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: China Mulls Tax System Overhaul to Ease Record Local Government Debt
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