China’s benchmark Shanghai Composite Index (000001.SH) lost 0.79% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 0.38%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 2.6% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.69%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
Energy-rich Xinjiang region generates 34% more electricity in first half; Zhengzhou Coal resumes output after safety inspections; Guangzhou Development in LNG deal with BP
· Wuhan Reports 52 Covid Cases in Arrivals From Afghanistan
Chartered flight to evacuate Chinese from deteriorating security situation results in one of China’s largest imported clusters of the pandemic
· Exclusive: Bond Market Makers Disciplined for Phony Trades
Regulators blast Minsheng Bank, Guosen Securities and Guangdong Nanyue Bank for volume-inflating round-trip transactions in a warning to the market
· Exclusive: China to Roll Out New Lending Tool to Support Green Push
State Council plans monetary policy instruments to encourage funding for clean energy and carbon reduction projects
· Cross-Border Digital Payments Trial to Start by Year-End
Test of platform led by Hong Kong to involve banks and exchanges in Thailand, the United Arab Emirates, the Chinese mainland and Hong Kong, HKMA chief says
· Update: China Tightens Oversight of Overseas-Listed Companies Amid Data Security Concerns
In wake of Didi probe, Beijing vows tougher supervision of overseas listed Chinese companies
· China’s Wingtech Buys Troubled Top U.K. Chipmaker
Contract smartphone-maker to buy Newport Wafer Fab through its Nexperia Dutch unit, even as one British politician raises concerns
· Four Things to Know About China’s Latest Crackdown on Cryptocurrencies
Regulators have stepped up efforts to crush cryptocurrency trading and are now aiming to wipe out Bitcoin mining in the country
Beijing urges U.S. to reconsider alleged visa denials to hundreds of grad students, and Elon Musk admits to underestimating difficulties of autonomous driving
· Realty Giant KE Remodels Itself With $1.2 Billion Renovation Purchase
Deal marks one of biggest acquisitions to date for owner of the Lianjia and Beike residential property brands
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This article was generated by Caixin Automation.
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