China’s benchmark Shanghai Composite Index (000001.SH) gained 0.52% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 0.46%.
Both Shanghai’s tech-heavy STAR 50 Index (000688.SH) and Shenzhen’s similar ChiNext Index (399006.SZ) ended nearly flat for the day.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Gallery: India’s Health Care System Teeters as Virus Cases, Deaths Surge
The devastating surge of Covid-19 infections is pushing India’s health care system and crematoriums to the brink of collapse, with hospitals suffering acute shortages of oxygen, as the country saw 360,960 new cases and 201,187 fatalities on Wednesday, according to the WHO
· In Depth: No More Regulatory Blind Eye for Internet M&A
Antitrust crackdown on China’s internet giants means closer scrutiny of the kind of deal-making that turned Alibaba and Tencent into tech kingpins
· Thousands of Misbehaving Shareholders Forced to Dump Their Stakes in Banks and Insurers
The CBIRC’s two-year campaign came in the wake of a crop of corruption and embezzlement scandals
· Japan, China Embroiled in New Spats Over Diplomatic Report, Fukushima Tweet
Chinese foreign ministry slams Japanese report that labels China as ‘strong security concern’
· Huarong’s Wild Week Has Investors Pondering Possible Outcomes
A debt restructuring could force investors to shoulder some of the burden, while an equity injection would bail out bondholders, but go against government efforts to make markets punish badly run firms
· Shanghai Composite Index Rose 0.52% on Thursday
Shenzhen Component Index closed up 0.46%
· China Among a Pack of Economic Competitors ‘Closing in Fast’ on the U.S., Biden Says
President tells Congress that China must ‘play by the same rules’ as other major economies
· China Vanke Prepares for $2 Billion Property Management IPO
Real estate giant would join other Chinese developers in spinning off its management unit, which is less vulnerable to government policy changes and economic cycles
· China’s Sovereign Bonds Defy Expectations of April Reckoning
Traders had been bracing for a seasonal increase in local government issuances that never came
· China Wants to Improve Genetics of Its Pigs So They’re Fatter and Eat Less
Plan aimed at reducing reliance on imports by breeding animals that produce more meat and consume less grain
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