China’s benchmark Shanghai Composite Index (000001.SH) gained 1.02% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 0.75%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.26% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.4%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China’s 7.9% Second-Quarter GDP Growth Falls Short of Expectations
The figure came in below the median estimate for an 8.2% expansion, a sign that the economy’s strong recovery from the Covid-19 pandemic is moderating
· China Plans to Use BioNTech Vaccine as Booster Shot, Sources Say
Drug regulators complete an expert review of a Covid-19 mRNA jab developed by Fosun Pharma and the German pharmaceutical company
· Sichuan Financial Regulator Comes Under Graft Probe
Li Guorong, deputy chief of CBIRC’s Sichuan branch, was involved in commission’s campaign to defuse financial risks
· Energy Insider: China to Plug in National Carbon Trading; Port Giants in Closer Equity Tie-Up
Sinopec is building its first onshore wind power project; commodity prices rises drive up import costs; Guangdong installs world’s first typhoon-resistant floating wind turbine
· Explosion Kills Nine Chinese and Three Pakistanis on a Bus
China blames a ‘bomb attack’ in Pakistan, but Islamabad cites ‘mechanical failure’ that caused the bus to crash into a ravine
· China May Consider Carbon Credits as Loan Collateral
With carbon emissions trading about to start, a top banking regulatory official suggests that using emission permits to back loans is ‘something that can be explored’
· China Sets July Launch for Carbon Emissions Trading Scheme
The program, which will initially involve more than 2,200 power plants, is part of the country’s effort to use the market to help it meet its ambitious climate goals
· China Exports 500 Million Covid-19 Vaccine Doses in First Half
In the face of efficacy and safety concerns, China becomes the world’s top exporter of coronavirus shots as logistics companies ramp up flights
· In Depth: Relaxed Residency Rules in Yangtze Delta Aim to Poach Talent From Biggest Cities
Some lower-tier cities in eastern China are rolling out the red carpet for highly educated young professionals as the central government urges jobseekers to forsake mega cities for smaller urban areas
· Caixin Explains: How China’s New Carbon Market Will Work
The national emissions trading scheme is designed to give companies an incentive to cut their emissions as the country transitions to low-carbon economy
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This article was generated by Caixin Automation.
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