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BIZARRE: 42 | Mind Blowing Facts

The Chinese currency was on one side of 44% of forex trades on the Russian exchange-traded market last month, up from 39.8% in June

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Beijing Floods’ Death Toll Rises to 33

Eighteen people remain missing after the Chinese capital was hit by the heaviest rainfall in 140 years

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Shanghai Composite Index Fell 0.49% on Wednesday

Shenzhen Component Index closed down 0.53%

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Shanghai Composite Index Fell 0.25% on Tuesday

Shenzhen Component Index closed down 0.42%

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China’s Internet Majors Downsize to Weather Business Headwinds

Survey finds that six of the 10 biggest players slashed payrolls last year, including Tencent, Meituan and Alibaba

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Shanghai Composite Index Fell 0.59% on Monday

Shenzhen Component Index closed down 0.83%

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Pony.ai in JV With Toyota-linked Companies to Mass Produce Self-Driving Taxis

Start-up joins with Toyota Motor (China) Investment and GAC Toyota Motor to invest more than $140 million to set up the robotaxi firm

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Morgan Stanley Targeted for Shanghai Compliance Inspection

CSRC picks American securities unit and Changjiang Finance Services for random on-site governance and business reviews

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As China’s Markets Languish, New Rules Will Free Up Billions Idle in Stock Accounts

A reduction in cash required in investors’ settlement accounts, the third in almost four years, could unleash as much as 40 billion yuan of cash

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Shanghai Composite Index Rose 0.23% on Friday

Shenzhen Component Index closed up 0.67%

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Weekly Must-Read: Race Is on to Become China’s SpaceX

Chinese startup LandSpace Technology became the world’s first private company to launch a methane-liquid oxygen carrier rocket, leaping ahead of local rivals including GalaxySpace, Chang Guang Satellite and i-Space

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Retired China Railway Chief Pleads Guilty to Taking $8.4 Million of Bribes

Sheng Guangzu to be sentenced later for corruption and abuse of power in final years of a 30-year railroad system career

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Shanghai Composite Index Rose 0.58% on Thursday

Shenzhen Component Index closed up 0.53%

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Shanghai Composite Index Fell 0.89% on Wednesday

Shenzhen Component Index closed down 0.35%

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Shanghai Lawmaker Booted From Top Legislature Following Graft Probe

Dong Yunhu, placed under investigation last month, is the first representative to be publicly removed from the 14th National People’s Congress, whose members were confirmed in February

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Shanghai Composite Index Ended Nearly Flat on Tuesday

Shenzhen Component Index closed down 0.36%

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China Appoints New Leadership for Missile Force

Navy’s Wang Houbin named head of Rocket Force, and Xu Xisheng takes over as political commissar

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Citadel Securities Hires Former BlackRock Exec to Lead China Business

Tony Tang, also previously a deputy director of the international affairs department at China’s top securities watchdog, will begin his new role in September

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Huawei Bucks Trend of Plunging China Smartphone Sales

The brand saw a 76% increase in shipments in the domestic market, the only major local name to log growth during the second quarter

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BYD Hires 30,000 College Graduates So Far This Year, Sources Say

Around 80% of the new recruits will fill R&D positions at China’s best-selling car brand

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Editorial: How to Best Understand an Economic Recovery’s Ups and Downs

Private sector economics forms the backbone of the ongoing recovery. How well these companies do serves as the ultimate yardstick in measuring policy effectiveness

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Shanghai Composite Index Rose 0.46% on Monday

Shenzhen Component Index closed up 0.75%

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China Seeks Feedback From Private Sector on What It Can Do Better

The State Council has launched a platform asking private businesses to share the difficulties they face in bid to bolster confidence and fuel economic recovery

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Shanghai Composite Index Rose 1.84% on Friday

Shenzhen Component Index closed up 1.62%

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Weekly Must-Read: China Vows to Create a ‘Bigger, Better, and Stronger’ Private Sector

Measures aim to create a more level playing field for private businesses and entrepreneurs amid sluggish economic growth

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