China’s benchmark Shanghai Composite Index (000001.SH) lost 0.27% on Friday, while the Shenzhen Component Index (399001.SZ) fell 0.62%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.48% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.98%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Shenzhen Starts to Buy up and Transform Unsold Homes to Bolster Market
Tech hub is the first of China’s big cities to implement central government policy to kickstart property market
· Ex-Vice President of ICBC’s Shandong Branch Disappears Amid Graft Crackdown
Li Ming has been out of contact following the downfall of three senior ICBC executives in the past two months
· China-Backed Apollo Future Mobility Offloads Holding in Sensitive U.S. Business
Hong Kong firm sells shares in 3D printing company citing concerns over U.S. national security scrutiny
State Council issues plan for limiting carbon emissions, Shanghai’s power demand reaches record high, green electricity witnesses trading boom
· Airplane-Maker’s Founder Gets Over Three Years Behind Bars for Fraud
Zhu Songhua was convicted of defrauding $28,000 in government incentive funds — a charge he calls ‘illogical’ considering the millions of dollars he has invested
· China Announces Action Plan to Speed Up Power System Reform
Beijing will launch nine campaigns over the next three years to build a system to better harness clean energy
· China’s ‘Nuclear Tourism’ Opens Atom-Splitting Plants to Public
The country’s largest nuclear generator opened an online booking system for visits to nine power stations across the country
· Guangzhou District Uses Quasi-Hukou to Lure New Homebuyers
Huadu tries to boost property market by letting children of non-local homebuyers access public schools
· Shanghai Plot in High-End District Breaks 2016 Price Record
Hong Kong listed developer pays $18,345 a square meter for residential land despite sluggish property market
· Another Mayor of Provincial Capital Falls to Graft Probe
Ma Ningyu is the fourth person in the position in Guiyang, Southwest China's Guizhou, to come under investigation for corruption
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This article was generated by Caixin Automation.
