China’s benchmark Shanghai Composite Index (000001.SH) gained 0.71% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 1.46%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.48% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 2.06%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Saverin’s Venture Firm Enters China With Ex-SoftBank Partner at Helm
B Capital has hired Daisy Cai to focus on Chinese tech startups serving industries including health care, financial services and transportation
· Hong Kong Bourse Proposes Easing Listing Rules to Lure More Overseas Firms
HKEX wants to lower the minimum market capitalization to HK$3 billion from the current HK$40 billion for companies that have been traded for at least five years
· JD.com Spins off Cloud and AI Assets to Fintech Unit
· China’s Manufacturing Recovery Loses More Momentum, Caixin PMI Shows
The reading came in at 50.6 in March as the subindexes for output and total new orders edged down for a fourth straight month
· China’s Manufacturing Recovery Loses More Momentum, Caixin PMI Shows
The reading came in at 50.6 in March as the subindexes for output and total new orders edged down for a fourth straight month
· CX Daily: China Allows More Investment Outflows to Ease Pressure on Yuan
A Chinese city on the country’s border with Myanmar reports nine Covid-19 cases. Xiaomi will bet big on electric cars
· China Tightens Supervision of After-School Tutoring Sector
Education Ministry cancels competitions aimed at elementary and middle school children and stops running Cambridge English exams
· Opinion: Will Xiaomi’s $10 Billion Car-Building Project Be a Winning Bet?
After years of preparation, Chinese smartphone giant joints an expanding cohort of tech companies in the race to produce smart electric vehicles
· China and UAE to Cooperate on Tracking Covid-19
On visit by Foreign Minister Wang Yi, the two countries agree to a series of collaborative measures on health care
· CICC Profit Jumps 70% on Investment Banking and Asset Management
China’s top investment bank reports 42.2% revenue gain for 2020 as asset management business more than doubled
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This article was generated by Caixin Automation.
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