China’s benchmark Shanghai Composite Index (000001.SH) gained 0.26% on Friday, while the Shenzhen Component Index (399001.SZ) rose 1.0%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.51% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.87%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· PayPal Plans to Launch Local e-Wallet in China with Focus on Cross-Border Payments
· Steel Futures Soar in China as Output Cuts Meet Robust Demand
Rebar in Shanghai is at the highest since futures began trading in 2009, while hot-rolled coil is near the highest since 2014
· CX Daily: Audio Apps Rise in China, as Beijing Listens In
China vows to respond after Australia canceled two Belt and Road Initiative deals. Singapore’s biggest bank bets big on the Greater Bay Area
· Guangdong Dongpeng Holdings Co.,Ltd.’s Net Profit Rose 7% in 2020
Revenue grew 6% year-on-year
· Rockontrol Technology Group Co.,Ltd.’s Net Profit Rose 49.3% in 2020
Revenue grew 32.4% year-on-year
· Hangzhou Dptech Technologies Co.,Ltd.’s Net Profit Rose 9.5% in 2020
Revenue grew 10.9% year-on-year
· Super Telecom Co.,Ltd. Posted 70.8 Million Yuan Net Profit in 2020
Revenue grew 16.6% year-on-year
· Shanghai Huahongjt Smart System Co.,Ltd.’s Net Profit Rose 14.9% in 2020
Revenue grew 24.5% year-on-year
· Everyday Network Co.,Ltd.’s Net Profit Dropped 44.2% in 2020
Revenue declined 18.3% year-on-year
· Primeton Information Technologies,Inc.’s Net Profit Dropped 37.6% in 2020
Revenue declined 8.9% year-on-year
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This article was generated by Caixin Automation.
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