China’s benchmark Shanghai Composite Index (000001.SH) lost 0.25% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 0.32%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.51% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.31%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Singapore Mulls Dumping 20% Stake in CK Hutchison’s Port Business
State-controlled port operator PSA International sees declining outlook for the assets amid shrinking global trade and stiffening competition
· Opinion: It’s Time for China to Relax Quarantines for Inbound Travelers
Amid the sweeping overhaul of domestic pandemic controls, remaining isolation rules for arrivals are like a lock on the gate to China
· Abbott to Exit Mainland Chinese Baby Formula Market by 2023
American health-care giant cites shrinking market share amid stiff competition but will expand other businesses including diagnostics, devices and pharmaceuticals
· Delayed Guangzhou Auto Show to Go On, Despite Exhibitor Pullouts
The car industry, seen as a pillar of the city’s economy, has been counting on the rescheduled event to stoke consumer confidence and help revive vehicle production as Covid spreads nationwide
· Hong Kong Readies Crypto Futures ETFs for Retail Investors
Two funds will be launched on Friday by CSOP Asset Management as Hong Kong seeks to build its status as a virtual trading hub
· China Launches Second Round of Covid Boosters for High-Risk Groups
Health authorities are recommending that people take a different vaccine from their primary course, a practice several studies have shown provides better protection
· Guangzhou Closes Most of Its Makeshift Covid Hospitals
The remaining facilities will be upgraded and used primarily for treating Covid patients without severe symptoms, a local medical worker says
· China Stops Reporting Asymptomatic Covid Cases
National Health Commission cites difficulties in accurately counting the total after the country ended mandatory mass testing
· China Calls India Border Situation ‘Generally Stable’
Following clash along disputed Himalayan frontier, the two sides disengaged and are in communication, China says
· Chinese Mainlanders Rush to Macao for mRNA Vaccinations
Lifting of Covid pandemic controls and a surge of infections spur demand for advanced vaccine technology that still isn’t approved for the mainland
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This article was generated by Caixin Automation.
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