China’s benchmark Shanghai Composite Index (000001.SH) lost 0.24% on Friday, while the Shenzhen Component Index (399001.SZ) fell 0.3%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.13% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.18%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Exclusive: One Court Will Handle Developer Evergrande’s Multitude of Debt Lawsuits
China’s top court has directed all the cases involving the company to be moved to Guangzhou
· Opinion: How the Tech Reg Landslide Will Impact China’s Economy
Increasing regulation may affect innovation in the consumer sector — possibly affecting this key driver of future growth
· Another Industry’s Shares Sink After State Media Criticism, This Time It’s Vapes
E-cigarette stocks fell in the wake of a Xinhua report on how minors are getting their hands on the restricted devices
· China Sets Goals to Make Citizens Fitter and Sports Industry Bigger by 2025
National plan aims for more than a third of the population to get regular exercise and the sports sector to be worth $774 million
· Investors Lose Interest in Short-Video Platform Kuaishou
TikTok rival's Hong Kong shares fall 15% to new low as it announces it’s ditching its U.S. app
Beijing cancels August exhibitions and events, and Singapore’s prime minister calls on China and the U.S. to ease tensions
· Sinologist Praised as the ‘Dean of Chinese History’ Dies in U.S. at 91
Yu Ying-shih won many accolades for his work on Chinese history and philosophy at Harvard, Princeton and Yale
· In Depth: China’s Launch of World’s Largest Carbon Market Has a Sputtering Start
The national emissions trading scheme could use more liquidity and higher-level regulations, industry insiders say
· Algorithms in the Crosshairs as Authorities Issue New Commentary Guidelines
The agencies behind the move seek to implement ‘comprehensive governance’ of online recommendations to prevent the ‘dissemination of erroneous content’ in cultural critiques
· Opinion: Dreams Never Die for China’s Older Olympians
At the Tokyo games, several athletes have shown that they can still win at the highest level even after years of struggle
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This article was generated by Caixin Automation.
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