China’s benchmark Shanghai Composite Index (000001.SH) gained 0.84% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 0.26%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.77% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.51%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Exclusive: China’s Fosun Pharma Borrows $300 Million for Covid Vaccines
Loans from Asian Infrastructure Investment Bank and International Finance Corp. will fund expanded mRNA vaccine output and distribution
· China to Expand Lending to Small Businesses and Poor Students
Central bank adds $46.4 billion to relending quotas, and State Council increases loan limit for undergraduate students by 50%
· China Records First Anthrax Death This Year After Dozens of Infections
A 14-year-old student in East China’s Shandong province has died after contracting the infectious disease
· Ping An Fintech Unit Denies Offering Bribes to Officials
OneConnect Financial’s shares tumbled after anonymous online report also alleged it had overstated business performance
· Education Authorities Warn of Punishment if National Policies Aren’t Enforced
A State Council document outlines measures to hold related departments and institutions accountable if they fail to enforce national policies
· Tencent Quits Music Rights, Teen Dies From Anthrax, China and U.S. Climate Envoys To Meet
Taliban close to forming new government, and China tightens schooling oversight
· E-Commerce Sites That Flout Intellectual Property Rules Could Be Shuttered Under Draft Law
Revision to IP law would see firms like Alibaba and Pinduoduo lose their licenses or face trading restrictions
· Trending in China: Common Prosperity Is ‘in Our Genes,’ Tech Titans Insist
Netizens mock comments by Meituan CEO Wang Xing and other tech bosses to align themselves with President Xi Jinping’s campaign
· Amid Tough New Rules on Minors Gaming, NetEase Says Less Than 1% of Revenue Comes From Teens
The gaming giant says it fully supports new rules that limit under 18s to just three hours of online play a week
· Exclusive: Former Bank of China Executive to Be New ICBC Vice President
Zheng Guoyu has joined the world’s largest commercial bank as a Communist Party committee member
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This article was generated by Caixin Automation.
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