China’s benchmark Shanghai Composite Index (000001.SH) lost 0.64% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 0.34%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.75% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.0%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Delayed Receivable Payments Are a Threat to Small Businesses, Says Report
Credit insurance could be one method of helping small companies deal with the risks that follow late payments
· Chinese Cities Receive Special Loans to Renovate Urban Villages
Fourteen urban village renovation projects in Guangzhou allocated money in first batch of $20 billion special loans
· Rocket-Maker Says Rumored Explosion in Shanghai Was Routine Blast Test
Three employees of LandSpace Technology were injured at an industrial park in Songjiang district, the Chinese startup tells Caixin
· GAC’s Electric Car Brand Debuts in Hong Kong
Aion launches its first showroom in the city with plans to roll out four models, starting with the Y Plus SUV in May
· Myanmar Police Hand Over 10 Telecom Fraud Suspects to China
The suspects include the former chairman of a self-administered zone along the border that has been a hotbed for cybercrime in recent years
· Top Stories of the Month: How Can China Deal With Deflationary Pressure?
Although China’s economy showed signs of recovery in 2023, prices have not improved in tandem, with key economic indicators signaling a persistent decline
· CATL to Invest $1.83 Billion to Build First Offshore Wind Power Project
Fujian approves construction of an 800-megawatt offshore wind farm and energy storage unit which will provide green energy to CATL’s battery factory
· China’s Big-Three Airlines Expect 2023 Loss While Private Carriers Turn Profit
High oil prices, weak demand for international travel and fierce domestic competition keep profits out of reach but 2025 should see them take off again
· In Depth: China Intensifies Efforts to End Property Crisis
Financial and housing regulators have released more measures to ease developers’ liquidity crunch and stepped up pressure on banks to lend more
· Arms Smuggling Prosecutions Spark Debate Over What Constitutes a Gun Part
Hardware merchants facing charges ask if the goods they trade can really be counted as firearm parts and, if so, how they can tell
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This article was generated by Caixin Automation.
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