China’s benchmark Shanghai Composite Index (000001.SH) lost 0.63% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 0.83%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.83% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.36%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Blog: The Crucial Test of Maximum Virus Containment and Minimum Disruption
It’s time for China’s Covid policies to evolve, become more scientific and targeted, and let people get on with their lives, Harvest Capital chairman argues
· Sunac China Seeks Two-Year Extension on $627.85 Million Bond
Billionaire Chairman Sun Hongbin offers unlimited joint liability guarantee in return, but some bondholders express disappointment
· In Depth: What’s Behind China’s Growing Problem With Child Depression
As cases soar among young people, patchy preventative treatment means patients don’t reach doctors until they’re already in a serious state
· France Cuts Chinese Flights in Tit-for-Tat Move
Cancellation of as many as four flights by Chinese carriers comes in retaliation for China’s Covid-related suspensions of Air France flights
· Fosun Reports $157 Million of China mRNA Vaccine Sales in 2021
BioNTech partner markets the advanced-tech inoculation in Hong Kong, Macao and Taiwan as regulators haven’t cleared the shots for the mainland
· Voice Recorder, Passenger Remains Found From Flight MU5735
More than 330 rescue workers comb 46,000 square-meter site of China Eastern Airlines crash in search for clues to disaster
· In Depth: The Growing Difficulty of Balancing China’s Local Government Budgets
Rosy revenue numbers in 2021 belie glaring problems on the ground and a gloomy outlook for 2022 could add to fiscal pressure
· ZTE Shares Jump as U.S. Court Ends Probation for Violating Sanctions
Decision marks a milestone in the telecoms giant’s journey to recover from a suite of punishments
· Fosun Luxury Arm Lanvin Plans New York SPAC Debut
The luxury fashion company plans to list via a blank check merger with an affiliate of Primavera Capital
· Chinese Power Giant Swings Billions Into the Red on Surging Coal Prices
Huaneng Power reported a $1.62 billion loss even as it charged more for electricity at home and booked promising growth overseas
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This article was generated by Caixin Automation.
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