China’s benchmark Shanghai Composite Index (000001.SH) lost 0.54% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 0.57%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.17% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.71%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Australia Orders Chinese Investors to Sell Stake in Rare Earths Miner
Five shareholders are given 60 days to dispose of shares in Northern Minerals as Australian Treasurer cites national interest
· Qatar Sovereign Fund to Buy 10% Stake in China Asset Manager
Qataris, eager to invest in China, will become the mutual fund’s third largest shareholder
· Nine Carmakers Given Green Light to Start Advanced Autonomous Driving Tests
Approval given to test Level 3 autonomous driving capabilities in restricted areas of a number of Chinese cities
· New Funding Flows in for China Startup Rivaling OpenAI’s Sora
Shengshu says the funds will be used to support the development of its multimodal technology
· Analysis: Property Crisis Pushes Major Cities to Make It Easier to Get Local Residency
Widening access to government services like medicine and education will also boost transition to consumption-oriented growth, experts say
· China’s Chang’e-6 Collects Samples From Far Side of the Moon
Spacecraft is in lunar orbit and is expected to land on Earth late this month
· Three Chinese Schools Make Top 20 of Global University Rankings
Peking University climbs three places to 14th this year, while Tsinghua University ranks 20th and The University of Hong Kong comes in 17th
· In Depth: Why China’s Tightening Its IPO Regulation
New State Council guidelines on capital markets call for higher listing standards and better oversight of IPO sponsors
· Solar Giant Longi to Cut Southeast Asia Production as U.S. Tariff Exemption Expires
The two-year waiver for solar products imported from Malaysia, Cambodia, Thailand and Vietnam was exploited by Chinese solar manufacturers looking to avoid steep tariffs
· Senior Finance Executive at State Shipbuilding Giant Under Probe
Former chairman of Zhong Chuan Finance, part of CSSC, is subject of corruption investigation
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This article was generated by Caixin Automation.
