China’s benchmark Shanghai Composite Index (000001.SH) gained 0.21% on Friday, while the Shenzhen Component Index (399001.SZ) rose 0.74%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.2% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.28%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Exclusive: Bad-Debt Industry Veteran Named Huarong’s New Deputy Party Chief, Sources Say
Liang Qiang looks likely to also take over as president of the troubled state-owned bad-debt manager
The 15 elephants reached the boundary of the southwestern city late Wednesday, ratcheting up the tension in a story that has captivated the country
China issues $9.5 billion of carbon neutrality bonds; 2 Sinochem executives come under corruption probes; it’s flooding season in South China
· China Calls 8 More Sharing-Economy Companies on the Carpet
Top market regulator issues warnings and orders rectification of pricing practices in rentals of bicycles and portable cell phone charging devices
· Ant Group’s Consumer Lending Unit Set to Start Operations
Chongqing Ant Consumer Finance to take over $266 billion micro lending businesses of Huabei and Jiebei, Ant’s biggest money-spinners
· In Depth: The $15 Billion Chinese Fast Fashion App You’ve Never Heard Of (Part 2)
Shein’s opaque ownership and media-shy approach means it’s hard to know who is calling the shots, let alone whether or not its vast supply chains are ethical
· China Joins Bandwagon to Dump Long-Time Interest Rate Benchmark Libor
PBOC-backed industry group tells financial institutions to stop using the London Interbank Offered Rate for U.S. dollar-denominated loans
· Four Things to Know About Huawei’s HarmonyOS
The operating system underpins the telecommunications giant’s attempt to reinvent itself after U.S. sanctions hobbled its successful smartphone business
· Debt-Ridden Retailer Suning Gets $500 Million State Bailout
Four Jiangsu SOEs form special fund to acquire 5.59% of Chairman Zhang Jindong’s shares to temporarily ease company’s liquidity crisis
· China Three Gorges Shares Oversubscribed by 78 Times in Pre-IPO Lottery
Demand surges for $3.6 billion listing by the operator of eponymous hydroelectric dam
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.
