China’s benchmark Shanghai Composite Index (000001.SH) gained 0.43% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 0.7%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 2.47% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.92%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China Charges Ex-Professor at Japanese University With Spying for Tokyo
A spokesperson for the Chinese foreign ministry said Yuan Keqin ‘made a full confession to his crimes’
· China and U.S.’ Lead Trade Negotiators Talk for First Time Since Biden Took Office
China’s Vice Premier Liu He spoke with U.S. Trade Representative Katherine Tai over the phone Thursday, signaling a resumption of economic and trade talks
Trustbuster drops Minmetals-Alibaba probe; Zhejiang New Energy hits the Shanghai main board; Hubei to set up peak carbon fund; Guiyang proposes hydrogen fueling rules
· Three Newborns Die in E. Coli Outbreak at Inner Mongolia Hospital
Short holiday staffing blamed after 9 babies were infected in neonatal intensive care unit of a top hospital in Ordos City
· China Oceanwide Holdings Defaults on $280 Million of Offshore Bonds
Troubled conglomerate of property tycoon Lu Zhiqiang wrestles with paying off $3.27 billion of debt coming due this year
· Exclusive: Tencent Ordered to Set Up Financial Holding Company
Owner of WeChat Pay follows in footsteps of rival Ant Group with state-mandated corporate shake up to comply with new rules for financial firms
· Walls Close In on Cryptocurrency Miners in Inner Mongolia
The region announces new measures that include revoking a certain telecommunications business license for telecom, internet firms that mine the tokens
· Guangdong Reports Four New Cases of Covid-19
One confirmed, three asymptomatic cases on Tuesday bring the total in the province’s latest flare-up to 11
· Tesla Announces New Shanghai Data Center to Allay Concerns
After a string of local controversies, the move should help the Elon Musk-helmed firm stay on the right side of Beijing’s stiffening user data rules
· U.S. Judge Issues Final Order Removing Xiaomi From China Military Banned List
Verdict coincides with the Biden administration’s decision last week to postpone the start date of a ban on new U.S. investments in companies allegedly linked to the Chinese military
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This article was generated by Caixin Automation.
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