China’s benchmark Shanghai Composite Index (000001.SH) closed nearly flat on Thursday, while the Shenzhen Component Index (399001.SZ) fell 0.2%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.65% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.23%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Top Regulators Summon Big Developers for Financial Briefings
Six real estate giants respond to request for liquidity and debt information from central bank and housing, financial and securities regulators as crisis enters fourth year
· Guangzhou Hospital Dismantles Lab After Cancer Diagnoses
Three former Ph.D. students who worked in the lab were found to have rare types of cancer, according to social media posts that circulated online
· China, Australia Agree to Boost Engagement in Trade, Energy
In yet another sign of improving relations, both sides also agreed to strengthen engagement in areas such as political dialogue and climate change
· Ex-Deputy Governor of Guizhou Accused of Reckless Debt Borrowing
Li Zaiyong, under investigation by graft busters, gets kicked out of the Communist Party and expelled from public office
· Veteran Securities Regulator Expelled From Communist Party
Zhu Congjiu, former vice governor of Zhejiang province, was ‘extremely greedy’ and accepted bribes and abused his power, investigators say
· Cuba Seeks Direct Flights From China as Soon as Next Year
Prime Minister Manuel Marrero on week-long China visit pushes to expand Cuban tourism with help from China’s travel industry
· China Should Avoid a Real Estate ‘Hard Landing,’ Former Chongqing Mayor Says
Huang Qifan, now with innovation and development institute, argues government should expand affordable housing and put more money in consumers’ pockets
· China to Update State Secrets Law Amid Increase in Spying
Proposed revision of the Law on Guarding State Secrets includes putting the party’s central secrecy leadership body in charge of formulating policy
· Tech Insider: Apple CEO Tries to Calm Investors, Huawei Chip Chosen to Power Mega AI Platform
Qualcomm isn’t sweating Huawei-developed chips, Ant Group cleared to roll out AI services
· He Lifeng Is Running China’s Two Top New Financial Overseers
Vice premier serves as director of the general office of the central financial commission and secretary of the central financial work commission, state media reveals
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This article was generated by Caixin Automation.
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