The Shanghai Composite Index rose 0.53% on Monday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.53% on Monday, while the Shenzhen Component Index (399001.SZ) increased by 1.29%.

Shanghai’s technology-intensive STAR 50 index (000688.SH) gained 0.56% for the day, while Shenzhen’s similar ChiNext index (399006.SZ) increased by 1.9%.

Below is an overview of the main business and financial stories in China, as well as other news of the day:

Cover story: Abortion rights reversal exposes America’s polarization

Supreme Court decision to overturn 1973 Roe v. Wade decision feared portends further restriction of rights

Henan province gets new top financial regulator amid frozen deposit scandal

Liu Rong, former deputy department head of China’s banking and insurance watchdog, will oversee all provincial financial regulation

Shanghai influencer accused of operating fake online ETF trading platform

The accused, identified only as Xu, allegedly enticed investors to make trades totaling $4.5 million, often resulting in heavy losses.

Weekend long read: “Not a fairy tale” ― A Chinese-American judge’s trip from Hong Kong to the United States

After moving to the United States when he was 6 years old in 1966, Tony Leung, a child of Chinese immigrants from Hong Kong, went to Yale and later became a federal judge in the state of Minnesota some 40 years old. later.

Graft Busters probes another former Chinese railway official

Chen Boshi, a retired senior executive, is under investigation after the March fall of the former chief executive of the state rail operator

Chinese cities cut spending as incomes fall

The fallout from pandemic controls and tax cuts to support the economy is forcing local authorities to undertake sweeping budget cuts for a wide range of services

Chinese tech giants are slashing office space in Shenzhen

Tencent, and Kuaishou cut office occupancy in south China’s tech hub

China to increase coal production as energy demand soars

Falling imports and warm weather push energy prices up

Tech Insider: Surveyed apps are back in stores, Alibaba launches carbon accounting tool

Nio denies short seller allegations of questionable accounting, US is accused of cyberattacks on Chinese research institutes

Xi stresses Hong Kong must be ruled by ‘patriots’ as new city leader sworn in

President says ‘one country, two systems’ principle is here to stay, while urging new city leadership team to strengthen governance capacity, boost economic growth and tackle quality issues of life

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