China’s benchmark Shanghai Composite Index (000001.SH) lost 0.68% on Friday, while the Shenzhen Component Index (399001.SZ) fell 1.53%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.18% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 2.1%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China’s New Carbon Market Inks First Bulk Agreement
Sinopec to pay China Resources $817,190 for 100,000 tons of carbon emission credits, pricing the quotas at $8.18 a ton
· Two Found Dead in Flooded Zhengzhou Expressway Tunnel
Death toll from record flooding hits 33 after torrential rain quickly filled tunnels and swamped more than 100 vehicles
· IQiyi Wins Streaming Deal With English Premier League
Chinese platform cuts four-year accord adding to its array of sports streaming that includes LaLiga, World Cup, Australian Open and PGA Championship
· Faraday Future Shares Slump on Nasdaq Debut
Deal proceeds even as Zhuhai government drops out of $1 billion SPAC plan to fund Jia Yueting’s long-struggling electric-car startup
· World Leaders and VIPs Shun Olympics’ Opening Ceremony Amid Covid Resurgence
Most G-20 leaders will be absent, and prominent Japanese sponsors have declined invitations
· Death Toll From Henan Floods Rises to 33, Eight Missing
Province issues two red alerts Thursday warning of more heavy rain
· China Coal Chemical Project Suspended Over Its Gluttonous Energy Appetite
China Coal Chemical Project Suspended Over Its Gluttonous Energy Appetite
Tokyo Olympics opening ceremony director sacked and Shandong province reports its first delta variant case
· China Rejects WHO Plan to Reinvestigate Covid Lab-Leak Theory
The proposal ‘defies science’ and is ‘impossible’ to accept, says ‘shocked’ senior health official
· Analysis: The Impact of U.S. Ban on Chinese Researchers on International Study Plans
As many as a quarter of science and tech postgraduates could see their applications rejected, according to some estimates
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This article was generated by Caixin Automation.
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