Shanghai Composite Index Rose 1.15% on Friday

China’s benchmark Shanghai Composite Index (000001.SH) gained 1.15% on Friday, while the Shenzhen Component Index (399001.SZ) rose 1.48%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 2.0% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 2.09%.

Below is a rundown of the top China business and finance stories, plus other news for the day:

· China Reiterates Support for Argentinian Claim Over Disputed U.K.-Controlled Islands

At a U.N. session, a Chinese diplomat expressed hope Britain will start a dialogue to find a peaceful solution to the dispute

· Shenzhen Breathes Sigh of Relief as Covid Flare-Up Subsides

Mass testing of the commercial hub’s 12 million resident over three days turns up no new coronavirus infections

· Energy Insider: Shaanxi City Scrutinizes Coal Pricing; State Energy Regulator Pushes Rooftop Solar Power

Shenzhen container terminal resumes operation after weeks of Covid disruption; China want the steel industry in the carbon market; NDRC explores carbon capture

· China Evergrande Group to Pay $1.75 Billion on Time

Debt-ridden property developer set to pay off $1.45 billion of dollar bonds coming due Monday as well as interest on offshore debt

· Caixin Summit: Hong Kong to Speed Up Climate Risk Disclosure Rules

Top HKMA executive Darryl Chan says financial institutions and listed companies will have to meet requirements in 2022 rather than 2025 as previously planned

· Shared Bike Operator Hello Inc. Waves Goodbye to New York IPO — For Now, Source Says

News of the postponed listing comes one day after the 11th hour withdrawal of a similar-sized offering by dating app operator Soulgate 

· Caixin Summit: China Needs to Balance Mass Vaccination Goals With Stopping Covid’s Spread, Disease Expert Says

Zhang Wenhong says the aim is not to eradicate the disease, but to reduce its prevalence to a low level

· 185 Million Chinese Men Follow Beauty Influencers, Pork Suppliers Slash Output, Guangzhou’s Rapid Covid Infection

The 10 most-read domestic stories on Chinese social media also include Shanghai’s minimum wage hike and Taiwan travelers diagnosed with Covid-19

· India Warns of Third Wave of Covid-19, Death of Antivirus Software Pioneer, the Upper Limit of Humans’ Lifespan

Chinese social media users continue to follow the story on the reduction of swimmer Sun Yang’s ban from competition, Foreign Ministry urges Chinese nationals to get out of Afghanistan

· Caixin Summit: Uneven Vaccine Distribution Holding Back Global Economy

IMF Deputy Managing Director Zhang Tao says ‘two-track pandemic is leading to a two-track recovery’

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This article was generated by Caixin Automation.

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