China’s benchmark Shanghai Composite Index (000001.SH) lost 0.5% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 0.94%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.25% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.65%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Chinese Localities Adopt ‘Sell Everything to Save the Day’ Policy to Ease Debt
Bishan District in Chongqing sets up task force to monetize assets as debt pressures mount
· Former Haitong Executive in Crime Probe Arrested After Fleeing to Laos
Former Haitong deputy general manager is under investigation for alleged duty related crimes
· Commentary: IBM’s Sudden China Layoffs Tarnish Reputation of ‘Foreign Company Culture’
The haste and lack of preparation by the U.S. giant has left many employees feeling disrespected and shocked
· Didi Invests $94 Million in Smart Cockpit Developer
Chinese ride-hailing giant’s smart transportation arm will become AutoAI's second largest shareholder
· Commentary: The Strategic Imperative of China’s Green Transition
The rapid expansion of the clean energy sector has elevated it to a crucial role in shaping China’s future, making it a central element of the country’s broader economic and energy policies
· Sanofi Halts Flu Shots in China Amid Concerns of Declining Potency
Suspension of vaccines is a ‘preventative measure’ while Sanofi investigates the potency problem
· Death Penalty Upheld for Former Official in China’s Largest Corruption Case
Inner Mongolian bureaucrat amassed $421 million in bribes and other illegal gains, court told
· BYD Partners Huawei to Launch Luxury SUV With Self-Driving Features
BYD to launch SUV with Huawei’s Qiankun autonomous driving system in third quarter
· Inner Mongolia Region Is Struggling to Fund Basic Services as Debt Crisis Looms
Alukerqin Banner warns it is at significant risk of credit default as it runs out of money
· China May Surpass 2025 New-Energy Storage Goal as Regions Plan Capacity Boost
As of July, 26 provinces and cities had laid out plans to bring their total installed capacity to 86.6 gigawatts by 2025
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This article was generated by Caixin Automation.
