China’s benchmark Shanghai Composite Index (000001.SH) gained 0.23% on Thursday, while the Shenzhen Component Index (399001.SZ) closed nearly flat.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.4% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.44%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Ping An Trust Misses Payment on Property-Backed Investment Plan
The trust company is filing a lawsuit against defaulted developer Zhenro, asserting that it has “obligations to buy back the product”
· President Xi Jinping Meets Ex-Taiwan Leader Ma Ying-jeou in Beijing
China’s leader calls for joint efforts to pursue peaceful reunification saying ‘There is no rancor that cannot be resolved’
· Zijin Mining Tops $65 Billion in Market Cap on Surging Mineral Prices
Zijin Mining joins top 20 of domestically listed firms as the price of gold and copper continues to surge
· Guangzhou Halts Approval of New Commercial Apartment Projects
Loophole allowing buyers to sidestep house-buying restrictions is closed to ease the glut of unsold commercial apartments
· XPeng Takes Its EVs on a Sales Drive Into Hong Kong and Macao
Electric carmaker introduces its sports utility vehicle, the G9, and seven-seater X9 multipurpose vehicle to new markets
· Hebei Provincial Official Appointed to Communist Party’s Top Economic Body
Yan Pengcheng named deputy director at the Office of the Central Financial and Economic Affairs Commission, which leads China’s national economic work
· Property Brokerage Hopes Tie-Up With Coffee Chain Will Rouse Sleepy Sales
Lianjia aims to get more customers through the door at a trial location, while Manner Coffee takes advantage of partner’s existing network of stores
· Battery Giant CATL Unveils More Efficient Energy Storage System
The launch of the Tianheng is a boost for the firm as it looks to expand beyond its dominant EV battery business
· China Adds Teeth to Consumer Protection Law With New Powers for Advocacy Groups
Newly enacted regulations will allow associations to sue those behind large scale violations of consumer rights and publicize details of complaints
· Job Cuts Might Be Behind Outage at Tencent Cloud, Source Says
Chinese internet giant’s unit suffered a service failure on Monday that disrupted access to tool that customers use to manage servers
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This article was generated by Caixin Automation.
