China’s benchmark Shanghai Composite Index (000001.SH) lost 0.47% on Friday, while the Shenzhen Component Index (399001.SZ) fell 0.53%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.45% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.65%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Weekly Must-Read: Five Takeaways From China’s Central Financial Work Conference
The meeting agreed to establish a long-term mechanism to handle local government debt, along with a plan for the timely resolution of risks in small and midsize financial institutions
· Hillhouse Capital Under Investigation Over Share Transfers
Solar panel maker LONGi Green Energy reports CSRC probe as Hillhouse’s HHLR may have trimmed its stake without complying with disclosure rules
· Caixin Summit: Tensions With U.S. Loom Over Middle Eastern Investment to China, Executive Says
Investcorp co-CEO said there could be even more opportunities in tech and beyond once geopolitical roadblocks are removed
· Caixin Summit: ‘Substantial’ Reduction of EU-China Trade Deficit ‘Necessary,’ EU Trade Chief Says
More reciprocity is needed to restore the confidence of businesses, European Commission Executive Vice President Valdis Dombrovskis says at Caixin Summit
· In Depth: Why Foreign Degrees Have Lost Their Luster for Chinese Graduates
With a record 11.6 million new domestic college graduates, soaring youth unemployment, and companies scaling back hiring post-pandemic, the odds are stacked against overseas grads
· China Health Care Stocks on Road to Recovery After $142 Billion Rout
Hong Kong gauge of the shares, dominated by Chinese companies, rallied 14% in the past month, as the worst of a government crackdown on the sector appears to be over
· Caixin Summit: Asia’s Young Workforce Helps Control Inflation, BIS Official Says
The region’s agricultural sector and gig economy are also key factors in slowing price growth, Zhang Tao says
· Senior China, U.S. Diplomats Hold Arms Talks
Sun Xiaobo of the foreign ministry and U.S. bureau of weapon control’s Mallory Stewart met in Washington to discuss issues ranging from nonproliferation to security in space
· Top Regulators Summon Big Developers for Financial Briefings
Six real estate giants respond to request for liquidity and debt information from central bank and housing, financial and securities regulators as crisis enters fourth year
· Guangzhou Hospital Dismantles Lab After Cancer Diagnoses
Three former Ph.D. students who worked in the lab were found to have rare types of cancer, according to social media posts that circulated online
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This article was generated by Caixin Automation.
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