China’s benchmark Shanghai Composite Index (000001.SH) gained 0.54% on Friday, while the Shenzhen Component Index (399001.SZ) rose 0.6%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.47% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.06%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Weekly Must-Read: Why China’s Efforts to Resolve Hidden Government Debt Could Fall Short
At worst, measures could further inflame the problem, promoting more off-the-books borrowing and increasing risks to economic and financial stability in the world’s second-largest economy
· Nio Teams up with CATL to Develop Longer-Life Batteries
Battery life is one of the most important problems that the NEV industry must work together to solve, says Nio founder
· Former Deputy Mayor of Shenzhen Under Graft Probe
Huang Min, who was dismissed in November, oversaw the Qianhai cooperation zone since 2020
· Exclusive: ByteDance Revives Gaming Ambitions Amid Fears of U.S. TikTok Ban
Personnel shake up at Nuverse as ByteDance decides to re-enter video gaming business
· Hangzhou Lifts All Restrictions on Purchase of Pre-owned Homes
Proof of household registration no longer required for second-hand home buyers in move to revitalize property sector
· China Expands Choice of Hong Kong, Macao Investment Products for Mainlanders
The upgraded cross-border wealth management connect program now includes higher-risk fund products
· Chinese Electronics Duo Nosedive After Graft Busters Detain Chairman
Shares of Guoguang Electric and Chengdu Screen Micro Electronics plunged 16% and 12%, respectively, after Zhang Ya was taken away by investigators
· China’s Top Consumer Rights Group Calls for Action Against Theft of Pre-Payments
Disputes over refunds for prepaid products and services that haven’t materialized as promised have risen in recent years, notably involving cash-strapped fitness centers, hair salons and tutoring service providers
Climate envoy views carbon neutrality as a long game, CNOOC discovers giant deep-water oil field, Shanghai port ready for methanol-refueling services
· Death Toll of North China Restaurant Blast Rises to Seven
The explosion in Hebei province had injured 27 as of early Thursday, with no one in a critical condition
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This article was generated by Caixin Automation.
