China’s benchmark Shanghai Composite Index (000001.SH) lost 0.54% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 0.55%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.36% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.91%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· SAIC Seeks Site for Electric Car Factory in Europe
State-owned auto giant helps lead an overseas push including Great Wall and BYD in response to global demand for Chinese EVs
· More Shenzhen Office Space Goes Begging for Tenants
Vacancy rate in prime office buildings tops 24.5% and rents plunge amid a weak environment and a glut of space
· Hong Kong May Lower the Bar for Top Talent Visas
In push to attract 35,000 professionals a year, the government is considering expanding the eligibility pool beyond grads of the world’s top 100 universities
· In Depth: How China Is Sharpening Ethics Rules for Scientific Research
Experts cautioned that more clarity is needed for biotech and AI experiments, in areas such as defining ethical risk levels, holding companies accountable, and guaranteeing the independence of reviews
· China’s Summer Travel Forecast to Surpass Pre-Covid Levels
The volume of trips made via train and air is expected to top 2019 numbers, according to official estimates, in a positive sign for China’s domestic consumption recovery
· Iran Becomes Full Member of Shanghai Cooperation Organization
The Middle Eastern country is the ninth member of the economic and security bloc
· Jinke May Get a Restructuring Lifeline From Bad Debt Manager
Unit of Great Wall Asset Management agrees to consider a role in a reorganization of the cash-strapped Chongqing-based developer
· China’s WeRide Cleared for Nationwide Road Test in UAE
Autonomous vehicle startup wins first nationwide clearance to test self-driving autos in the Middle Eastern nation
· Ding Xuedong Named Deputy Chairman of $360 Billion Social Security Fund Manager
Former CIC chief and former executive deputy secretary-general of State Council fills a 2½-year-old vacancy at National Council for Social Security Fund
· Tech Insider: China Ups Ante in Tech War, Lidar Developer Sets IPO in Motion
BASF expands Shanghai R&D base, AI-based self-driving chip designer files for IPO
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This article was generated by Caixin Automation.
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