Below is a rundown of the top China business and finance stories, plus other news for the day:
Central bank for the first time outlines a mechanism for banks to adjust interest paid on deposits based on the 10-year government bond yield and the one-year loan prime rate
Local governments to provide loan discounts and subsidies for rent, utility bills and epidemic prevention costs as well as electricity and broadband discounts
The smartphone-maker says the seizure of bank accounts had disrupted its business and prevented it from paying its employees
The troubled state-owned miner plans to invest about $700 million to develop the West African country’s Lobé mine, which is estimated to have about 600 million tons of reserves
The cancelations of the internationally recognized tests jeopardize the college plans of thousands hoping to go to school in the U.S. or Canada
Global semiconductor giant is reassigning staff to other units amid a dwindling market share, chip experts say
The suspension will apply only to a type of bond that requires buyers to be physically present at purchase, sources say
Widespread pandemic lockdowns disrupt production and logistics, threatening global supply chain restructuring away from China
Viral video of Shanghai mortuary workers’ discovery stirs outrage and allegations of negligence as authorities punish local officials
Largest domestic supplier of collagen-based skincare products joins growing list of Chinese companies looking to HKEX over the U.S. to access global capital
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This article was generated by Caixin Automation.
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