China’s benchmark Shanghai Composite Index (000001.SH) gained 0.14% on Friday, while the Shenzhen Component Index (399001.SZ) fell 1.06%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 2.57% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 2.23%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Weekly Must-Read: How Can China Deal With Deflationary Pressure?
Although China’s economy showed signs of recovery in 2023, prices have not improved in tandem, with key economic indicators signaling a persistent decline
· Financial Regulator Vows to Boost Lending Support to Developers
Shortlist of eligible property projects to be drawn up and financial institutions steered to help meet developers’ needs
· China and Singapore Agree on 30-Day Visa-Free Travel
Measure to promote tourism and business links starts on Lunar New Year’s Eve and travel sites are already buzzing
· Guangdong Promotes Industrial Relocation under Smiling Face Model
‘The world’s factory’ is looking to relocate manufacturing in less developed areas and concentrate design and sales ‘value-adding’ expertise in the River Delta region
· Seres Group Sees Up to $706 Million Net Loss for 2023
Automaker is confident of a better performance this year as pre-orders flood in for its latest full-size SUV, the Aito M9
· Police Detain Suspects in Deadly China Building Fire
The blaze in the eastern province of Jiangxi, which killed 39 people and injured nine others on Wednesday, was caused by irregular construction work, a preliminary investigation found
· Former China Olympic Official Jailed for 11 Years for Accepting Bribes
Liu Aijie, retired director of the Preparation Office for the Olympic Games of the General Administration of Sport, pleaded guilty to accepting nearly $3.4 million, a judicial document shows
· Most German Firms in China Have No Plans to Leave, Survey Shows
A poll by the German Chamber of Commerce showed that 91% of companies had no concrete plans to leave within the next two years, amid a targeted effort by the government to attract more foreign investment
· Opinion: China’s Stock Market Should Rebound as Economy Recovers
Investors have a multitude of concerns, but short-term problems shouldn’t be overinterpreted
· Energy Insider: Carbon Credit Program Revived, Russia Now China’s Top Oil Supplier
Green electricity trading booms, Shanxi leads coal production, NEV sales soar
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This article was generated by Caixin Automation.
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