China’s benchmark Shanghai Composite Index (000001.SH) gained 0.08% on Friday, while the Shenzhen Component Index (399001.SZ) rose 0.32%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.77% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.95%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China Extends Mortgage Rate Easing to Spur Home Sales
Cities recording housing price drops for three months straight can slash borrowing costs for first-home buyers
· Embattled Sunac Gets Extension on $2.3 Billion of Debt
Developer’s repayment of nine onshore notes and an asset-backed security stretched out by an average of 3.5 years
· China’s Railway Investment Falls for a Third Straight Year
Funding dropped 5.1% in 2022 as the country wraps up construction on major lines of the world’s largest high-speed rail network
· China Logistics Slammed by Covid Spike
The industry’s prosperity index fell to 46% in December, the second lowest reading for the year
· China to End Quarantine for Travelers From Hong Kong to the Mainland
Starting Sunday, people arriving from the city will be allowed entry if they have a negative PCR test result from the past 48 hours
· China Punishes Dozens for Academic Fraud at Medical Universities
Beijing is cracking down on scientific misconduct, after a spate of academic integrity scandals undermined its efforts to become a science superpower
· BYD Says It Can’t Judge How Many Cars It Will Sell This Year
The Chinese automaker cited uncertainties over supply chains and consumer demand stemming from the Covid-19 pandemic
· Debt-Strapped Sunac Divests Shenzhen Ski Resort Stake
State-backed partner Zhuhai Huafa to pay $518 million for Sunac’s 51% stake with proceeds earmarked for debt payment
· Unigroup Seeks Full Control of IT Joint Venture With Hewlett Packard
Multibillion-dollar buyout of H3C would bolster Unigroup’s profits, analysts project
Guizhou province-based Zunyi Road and Bridge reaches a deal with 21 creditor banks including China Citic to postpone repayment of $2.3 billion in borrowings
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.
