China’s benchmark Shanghai Composite Index (000001.SH) lost 0.62% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 0.32%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.14% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.12%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Citic Group Buys 60% Stake in China Huarong Financial Leasing for $1.65 Billion
China Citic Financial Asset Management says it’s shedding non-core financial assets
· Analysis: China Tests Whether State Purchases Can Lift Housing Market
Government offers $41.6 billion in financing to help cities buy unsold homes
· Executive Pay at China’s Listed Firms Fell in 2023 as Profits Declined
Average salaries for company chairmen dropped 3.32%, survey finds
· Overcapacity Could Be Repurposed as ‘Chinese Marshall Plan,’ Expert Says
Proposal could support the green transition in developing countries, says Huang Yiping, dean of Peking University’s National School of Development
· Global Economic Outlook Is Dim, but Some Countries Provide Rays of Light, Economists Say
India and China may act as driving forces for growth, says Nobel laureate Michael Spence
· China’s Credit Demand Sluggish as Economic Sentiment Sours, Expert Says
Households and businesses would rather park their money in fixed deposits than have it ready at hand, says Li Yang, chairman of a state-backed think tank
· China’s Central Bank Revamps Regional Offices in Key Overhaul
The recent reorganization of the bank’s operations at county level marked the completion of its three-tier organizational structure
· Xi Prioritizes Policies to Reduce Youth Unemployment in China
China’s president calls for efforts to promote high-quality employment as more graduates prepare to join job market
· Boss of New China Asset Management Disappears, Sources Say
Zhang Chi has likely been detained by graft-busters
· Macao Could Be Hub for Tech Exchanges, Expo Co-Founder Says
BEYOND Expo’s Jason Ho cited the region’s location, mature exhibition facilities and hotels, as well as its relatively relaxed visa regime
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This article was generated by Caixin Automation.
