China’s benchmark Shanghai Composite Index (000001.SH) lost 0.92% on Friday, while the Shenzhen Component Index (399001.SZ) fell 1.26%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.58% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.54%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Plant-Based Food Firm Beyond Meat to Open Plant Based in China
· CX Daily: China’s Film Industry Suffers Brain Drain as Game Developers Poach Talent
China’s Finance Ministry will “actively and steadily” promote property tax legislation. Shenzhen intends to attract top foreign talent
· Opinion: Opening-Up Is Still Key in Finance. So Is Stability
‘Dual circulation’ can’t mean turning inward as China needs to stand at the center of the world stage
· Singapore’s Heng Swee Keat Steps Aside as Next Prime Minister
Citing his age, the 60-year-old deputy prime minister calls for ruling party to find a younger person to succeed Lee Hsien Loong, 69
· U.S. Adds 7 Chinese Supercomputing Companies to Export-Ban List
Citing involvement in Chinese military efforts, Commerce Department bars American companies from doing business with them
· Chinese EV Maker Xpeng Setting Up Third Plant to Meet Demand
New factory in Wuhan would be able to build 100,000 cars a year, tripling company’s production capacity in China
· Three Missing After Blowout in China’s Largest Offshore Oil Field
Fire raging since Monday halts operations in Bohai Sea where massive oil spill a decade ago forced a 17-month shutdown
· Chinese Property Developers Target Slower Sales Growth for 2021
Amid stricter borrowing limits under ‘three red lines’ policy, real estate giants say they expect to expand at less than half the pace set three years ago
· Opinion: How Can China Cut Its Emissions From 10 Billion Tons to Zero
President Xi Jinping’s unexpected 2060 net-zero carbon pledge will require the country to almost completely restructure its economy. The implications will be enormous
· Opinion: How Can China Cut Its Emissions From 10 Billion Tons to Zero
President Xi Jinping’s unexpected 2060 net-zero carbon pledge will require the country to almost completely restructure its economy. The implications will be enormous
Click here to read more of the latest news.
This article was generated by Caixin Automation.
Follow the Chinese markets in real time with Caixin Global’s new stock database.
