China’s benchmark Shanghai Composite Index (000001.SH) lost 0.96% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 1.05%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.36% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.57%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China’s Population Will Peak in the Latter Half of This Decade, Expert Says
Growth in number of people in the country will continue to slow in the early 2020s before reaching a ‘turning point,’ according to Chinese university think tank
· Opinion: The Threat of China’s National Baby Bust
Census data shows that China has the world’s worst fertility problem and faces a dangerous, strength-sapping population plunge
· Leshi and Fugitive Founder Jia Yueting Sued for Fraud
First shareholder suit accepted by new Beijing Financial Court builds on fraud findings and penalties by China’s top securities regulator
· Automakers Face New Limits on Collecting User Data
China’s cyberspace regulator proposes rules requiring customer approval for data collection and limiting what companies can do with it after Tesla faceoff
· BlackRock’s China Wealth Management Venture Cleared to Start Business
World’s largest asset manager benefits from opening of vast financial market along with partners China Construction Bank and Singapore’s Holdings
· Canadian Court to Decide on New Meng Wanzhou Evidence
British Columbia Supreme Court judge sets June 29–30 hearing on admission of documents in controversial, long-running Huawei-related extradition proceeding
· Dingdong Maicai Raises $330 Million for Expansion
Chinese grocery app adds $1.03 billion to its war chest in two months amid white-hot competition with Alibaba, JD.com, Pinduoduo
· Xiaomi in Talks to Stay Off U.S. Defense Department Blacklist
Court document shows smartphone-maker and U.S. Defense Department are negotiating to undo the move that would have banned Americans from investing in Xiaomi
· China’s Central Bank Seeks to Calm Inflation Jitters
As the producer price index hits the highest in three and a half years, a PBOC analysis says imported inflation is ‘generally controllable’
· Official Handling of Student’s Death Sparks Public Outcry in China
Mother of 17-year-old victim rejects ruling of suicide and pleads for greater transparency as Weibo hashtag on the topic receives over 1 billion views
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This article was generated by Caixin Automation.
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