China’s benchmark Shanghai Composite Index (000001.SH) lost 0.77% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 0.9%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.65% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.99%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Xiongan New Area Outlines How Beijing Transplants Can Buy Housing
Families who’ve paid into home-buying accounts for three months can apply to use the funds for purchase of commercial or collectively owned housing
· Exclusive: Baowu Suspends Talks on Buying Indonesia Nickel Assets
Potential $3 billion to $4 billion deal with China’s Tsingshan goes on ice after change in Baowu leadership amid downturn in nickel and steel industries
· Shenzhen Looks to Attract More Hong Kong, Macao Visitors — and Their Cash
City unveils measures to facilitate trips with free shuttle services between border crossings and scenic spots, while boosting the range of spending options
· Analysis: China’s New Electricity Spot Market Rules Lay Groundwork for Unified Standard
The publication of the rules is a ‘landmark’ move in the country’s efforts to build a nationwide power market, one expert tells Caixin
· Opinion: Is China Heading for a Japan-Like Period of Economic Stagnation?
A comparison of economic data shows some similarities between the two countries, but China also faces demographic challenges that its neighbor didn’t
· Ex-Public Security Vice Minister to Oversee Discipline at Party’s Complaints Department
Liu Zhao has been named to head the discipline inspection group at the newly established Social Work Department of the party’s Central Committee
· Tornadoes Kill 10 in Coastal Chinese Province
Two twisters wreaked havoc in East China’s Jiangsu on Tuesday, destroying crops and damaging thousands of homes
· Chinese Appliance Giant Midea Plans Hong Kong IPO
Foshan-based company frames offering as part of its globalization strategy but warns of uncertainties and doesn’t disclose a fundraising target
· Another Major Chinese City Scraps Limits on Housing Purchases
Hubei provincial capital Wuhan drops ban on buying more than one home for those lacking local registration documents
· Corporate America Is Losing Optimism Over China, AmCham Survey Shows
Most companies flagged pressure from Washington to decouple as a concern, but their revenue expectations have stabilized and more plan to boost investment in the country
Click here to read more of the latest news.
This article was generated by Caixin Automation.
Follow the Chinese markets in real time with Caixin Global’s new stock database.
