China’s benchmark Shanghai Composite Index (000001.SH) lost 0.44% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 1.19%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.93% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.38%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Indonesia’s GoTo Aim to Raise $1.1 Billion in IPO
The tech group, formed by the merger of Gojek and Tokopedia, plans to price its shares in the top half of its estimated range in a listing that it says will be the third-largest in Asia this year
Firms including Alibaba, Pinduoduo and Baidu are among the 200-plus firms caught in the long-running audit dispute between finance officials in the world’s two biggest economies
· Unvaccinated Children Face Severe Risks From Omicron, Researchers Find
Study of more than 1,100 hospitalized children in Hong Kong shows that now-dominant Covid variant can result in neurological and respiratory complications
· Chinese Steelmakers Increasingly Use Yuan to Buy Iron Ore Abroad
Baowu, Hesteel and others promote currency’s internationalization while reducing exchange-rate risks
· State Oil Giant CNOOC Cleared for $5.5 Billion Share Sale in Shanghai
China’s biggest offshore driller posts record 2021 earnings as profits jump 182% on rising output and soaring world oil prices
· Chinese Insurers Start Paying Out in China Eastern Crash
Families of victims receive $2.34 million so far from 11 insurance companies while property and casualty insurers pay China Eastern $18.2 million
· Opinion: How Shanghai Can Pioneer a New Path for Disease Control
Amid worst Covid-19 outbreak, city could turn pandemic into manageable endemic disease using self-isolation, self-testing and advanced drugs and vaccines
· In Depth: China’s Battle to Stabilize Its Economy
Alarming Covid outbreaks, surging commodity prices and the triple pressures of shrinking demand, disrupted supply and weakening expectations all threaten Beijing’s 2022 growth target
· Hong Kong Health Expert Downplays City’s Covid Fatality Rate
Professor Ivan Hung Fan Ngai says the region may have had far more cases than the official tally of 1.1 million
· Pricey Ingredients, Expansion Cost Chinese Tea Chain Nayuki Its Profitability
Seller of fresh-fruit teas, cold-brew beverages and baked goods, reported an adjusted net loss of $22.8 million for 2021
Click here to read more of the latest news.
This article was generated by Caixin Automation.
Follow the Chinese markets in real time with Caixin Global’s new stock database.
