China’s benchmark Shanghai Composite Index (000001.SH) lost 0.74% on Friday, while the Shenzhen Component Index (399001.SZ) fell 0.88%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.95% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.88%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Former Provincial Political Advisory Chief Falls Under Graft Probe
Han Yong, an ex-chairman of the Shaanxi Provincial Committee of the Chinese People’s Political Consultative Conference, is suspected of ‘serious violations of discipline and law’
· Weekly Must-Read: China Q3 GDP Beats Market Estimates Amid Pickup In Consumption
Economy expanded 4.9% in the three months ended in September as government moved to support private sector and sagging housing market
· Beijing and Hong Kong Agree to Promote Cross-Border Financing
National Development and Reform Commission and Hong Kong Monetary Authority sign accord at Belt and Road forum
· Flying Car Maker EHang in $100 Million Partnership With Hefei City
Eastern China’s Hefei pushes to advance autonomous air taxis by pushing sales of vehicles and providing subsidies and land use and infrastructure support
· Sunwoda Prepares for Share Sale of EV Battery Unit
Global top-10 battery maker hires Citic Securities to help with IPO application for Shenzhen’s ChiNext board
· Trina Solar to Build PV Manufacturing Base in UAE
Chinese solar panel giant signs accord with Middle Eastern country’s AD Ports Co., joining domestic rivals rushing into the region
China’s energy roadmap for Inner Mongolia, Beijing orders gas companies to ensure supply ahead of winter
· Four Things to Know About Tightened U.S. Rules Over Chip Exports to China
The revamped measures, intended to prevent workarounds of existing rules, cast an even longer shadow over the troubled global semiconductor sector
· Opinion: Despite China’s Better-Than-Expected GDP Growth, Markets Are Unimpressed
Capital markets have operated with sheer pragmatism and appear to be immune to unsubstantiated rhetoric, writes former finance professor Tang Ya
· Putin Says Arctic Shipping Route Could Be Navigable Year-Round by 2024
Russia welcomes countries to get ‘directly involved’ in the development of its 3,500-mile-long Northern Sea Route, the country’s president said at the Belt and Road forum in Beijing
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