China’s benchmark Shanghai Composite Index (000001.SH) gained 0.94% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 0.83%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.73% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.76%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China Condemns Violence Against Civilians, Middle East Envoy Says
Zhai Jun made the comments while on a call with a senior Egyptian diplomat, as the death toll from the Israel-Palestine conflict reached over 2,200
· India Detains Four on Alleged Links to Vivo Money Laundering Probe
Chinese smartphone maker is one of several tech companies caught in a crossfire amid rising competition between Beijing and New Delhi
· China Tells Lenders to Pour Money Into Car and Consumer Credit
Top financial regulator issues sweeping call to spur auto sales, help new college grads and bolster a broad swath of enterprises
· Exclusive Interview: Lou Jiwei on Tackling a Greying China
The government needs to strengthen equity in education, scrap the urban-rural dual structure, and harness actuarial science to deal with the looming pension deficit, former finance minister tells Caixin
· Trending in China: ‘Lenient’ Punishment of Corrupt Retired Official Sparks Anger
76-year-old Zhong Gengci, former director of the Shenzhen transportation bureau’s freight management branch, was expelled from the party, but was not charged and still got to keep his retirement benefits
· Shareholders of Imax’s Hong Kong-Listed China Unit Reject Buy-Out Bid
U.S.-Canadian-based parent had sought to take full control of the subsidiary for $124 million, but one minority investor said it ‘significantly undervalues’ the China operations
· XPeng Suspends Supply Chain Chief in Internal Graft Crackdown
Vice President Li Feng becomes focus of corruption probe along with other employees amid concerns about high costs and supply shortfalls
· Former Chief of China Tobacco Yunnan Charged With Taking Bribes
Ye Libin accepted a large amount of bribes in exchange for favors, according to prosecutors leading sweeping graft crackdown in the sector
· Chinese Airlines Cancel Flights to and From Israel Amid Gaza War
Hainan Airlines and Cathay Pacific join American, Delta, United, Air France, KLM and Lufthansa in suspending air services
· Hengrui Pharma Signs Licensing Deal to Sell Cancer Drug in India
The tie-up with local firm Dr. Reddy’s is the second overseas agreement signed by Hengrui for Pyrotinib as more Chinese drugmakers accelerate expansion into lucrative foreign markets
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This article was generated by Caixin Automation.
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