China’s benchmark Shanghai Composite Index (000001.SH) gained 0.27% on Friday, while the Shenzhen Component Index (399001.SZ) rose 0.5%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.76% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.31%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Central Bank Vows More Support for Hengqin and Qianhai Cooperation Zones
Deputy PBOC chief Pan Gongsheng outlines financial pilot projects bolstering the zones’ role in China’s Greater Bay Area project
· Graft Probe Brings Down Another China Development Bank Executive
He Xingxiang, a vice president and member of the bank’s Communist Party committee, was taken from his office Tuesday by graft busters
· Exclusive: Alibaba’s Philanthropic Head Talks ‘Common Prosperity’ Plans
Former Ant CEO Hu Xiaoming lays out how Alibaba will invest $15.5 billion over five years ‘on making a bigger pie’ for China
· China Set to Start Cross-Border Investment Trial in Greater Bay Area
Long-awaited test will commence shortly, and the Hong Kong-mainland bond connect program will expand, top foreign exchange regulator says
· In Depth: What’s Standing in the Way of ‘Common Prosperity’?
Academics debate how China’s wealth inequality can be addressed, from tinkering with markets to adjusting government redistribution
Foreign Ministry calls China takeover of Kabul airport ‘fake news,’ and Guinea coup prompts security alert for Chinese nationals
· China Pledges $31 Million Aid to Afghanistan, Rallies Neighboring Countries’ Support
Foreign Minister Wang Yi says 3 million doses of Covid-19 vaccines also will be donated
· Sany Group’s Wind Power Unit Approved for Shanghai IPO
Sany Heavy Energy aims to raise $469 million to develop new technologies and upgrade facilities
· Realty Giant to Shutter Offices in Shenzhen After City Slaps Limits on Home Prices
Tencent-backed Lianja will close one-fifth of its outlets in the boomtown, which earlier this year imposed a price control mechanism on pre-owned residences
· China Railway’s Cargo Unit Surges 44% on Shenzhen Debut
Initial public offering raises $267 million for the freight business to invest in logistics and storage, cold chain transit and information platform
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