China’s benchmark Shanghai Composite Index (000001.SH) lost 0.87% on Monday, while the Shenzhen Component Index (399001.SZ) fell 0.89%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.29% for the day, while Shenzhen’s peer ChiNext Index (399006.SZ) fell 0.79%.
Below is an overview of the top China business and financial stories, plus other news for the day:
· Cover Story: How strict control policies ease Covid chaos in China’s hospitals
Health care centers from Guangzhou to Shijiazhuang to Beijing are being hit amid rising infections and severe shortages of medical workers
· Douyin Accused of Foul Play Over World Cup 4K Streaming Rights
Court orders ByteDance’s popular short video app to remove ads promoting its 4K live streaming after a China Mobile subsidiary complained
· Xi seeks yuan settlement of China’s energy trade with Gulf states
The president said the move could be made in three to five years as he signaled increased oil and LNG purchases
· Weekend long reading: Meet the entrepreneurs who are targeting society’s problems
The winners of CSEIF’s For Good Awards, co-sponsored by Caixin, include businesses that provide affordable housing for low-income workers, health insurance for the underinsured and small business support for budding merchants in rural China
· Second China-Made mRNA Covid Shot Approved Overseas
Laos removes Stemirna vaccine after Indonesia backs Walvax-Abogen product as experts push China to follow suit
· Opinion: Politburo’s ‘Four Dares’ pledge to save the economy
Emphasis on the courage of top officials, local authorities, businesses and residents to dare to unleash China’s vitality
· China to roll over $108 billion of special sovereign bonds
The sale of three-year notes will issue a tranche of notes issued in 2007 for China Investment Corp. Sovereign wealth fund to finance
· Xi says that Saudi Arabia is a priority for foreign relations as Beijing and Riyadh Elevate relations
Developing ties with Saudi Arabia is a priority in China’s global foreign relations, especially its diplomacy in the Middle East, Xi said during talks with Saudi Crown Prince Mohammed bin Salman
· China Travel Demand Spikes on Latest Covid Easing Plan
Shares in tourism companies rose and online searches for air and train tickets surged after Beijing announced it would lift testing requirements for cross-regional travel
· Tech Insider: Huawei inks licensing deal with Oppo, Xiaomi’s top India executive resigns
US state bans officials from using TikTok, Niutron refunds customers after not delivering its first EV model
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