China’s benchmark Shanghai Composite Index (000001.SH) lost 0.32% on Friday, while the Shenzhen Component Index (399001.SZ) fell 0.28%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.5% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.02%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Weekly Must-Read: How Bad Is China’s Manufacturing Exodus?
While disruptions from pandemic controls threaten to add impetus to the outflow, China retains tremendous advantages over India and Southeast Asia
· In Depth: How Chinese Factories Are Finding Their Way to Mexico
Makers of furniture and appliances can dodge the effects of the U.S.-China trade war while avoiding pandemic-related supply chain disruptions
· Zijin Mining Pours $269 Million More Into Lithium Assets
Copper and gold mining giant continues strategic shift with plan to acquire 75% of Houdao Ming, owner of the Xiangyuan lithium project
· Noah Holdings Seeks $43 Million in Hong Kong Secondary Listing
Chinese wealth manager facing delisting in New York amid accounting dispute joins a long parade of companies tapping into the HK market
· China Outlines Legal Path for Cross-Border Data Transfer
Cyberspace administration seeks comments on draft rule covering data processing entities’ use of standard contracts
· In Depth: How SoftBank Wrestled Back Control of Arm China
The Japanese conglomerate had to win over the Shenzhen government to finally boot CEO Allen Wu from the top job
· Retailer Miniso Turns to Hong Kong in Hedge Against U.S. Delisting
The New York-listed Chinese chain could raise as much as $102 million in a second primary listing in the Asian financial hub
· China June Vehicle Sales Top Expectations as Covid Curbs Ease
Sales hit 1.4 million from June 1 to 26, a 27% increase year-on-year and a 37% jump from the same period last month
· Top Stories of the Month: China’s Efforts to Prop Up Property Market Fall Short
Government efforts to stimulate the sector have fallen short, forcing localities to turn to stronger measures
· Analysis: China's 'Zero-Covid' Policy Is Here to Stay Despite Relaxing of Quarantine Rules
Public health policymakers making adjustments for evolving virus slash quarantine requirements while retaining ‘zero-Covid’ strategy
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This article was generated by Caixin Automation.
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