China’s benchmark Shanghai Composite Index (000001.SH) lost 0.81% on Friday, while the Shenzhen Component Index (399001.SZ) fell 1.44%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.33% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.7%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· PBOC Signals Room for Reserve Requirement Cuts to Release More Liquidity
China’s central bank aims to narrow interest rate corridor so market interest rates align with policy rates
· Fans Cry Foul as China vs. Japan World Cup Qualifier Only Available on Paid Live Stream
State broadcaster outpriced as iQiyi wins rights to China’s crucial qualifying match
· China-Africa Summit: Xi Pledges $50 Billion in Financial Aid
The support will include lines of credit, investment from Chinese companies and other forms of assistance, President Xi Jinping said at the Forum on China-Africa Cooperation
Rail authority may allow EV batteries to be transported, Chinese solar firms bleed cash, steelmakers vow to end brutal price war
· One in Five Chinese Is Now Elderly, Official Data Shows
Nearly 300 million citizens were 60 or older at the end of 2023, up from 280 million the year before
· Commentary: Japan’s Next Rate Hike Expected in December
Factors supporting the central bank’s ongoing monetary policy normalization include sound economic recovery and fewer political uncertainties by year-end
· Commentary: India, Indonesia and South Korea Central Banks May Soon Lower Interest Rates
Stable inflation and anticipated Fed policy shift could prompt rate cuts
· Nomura Expects China’s GDP Growth to Slow to 4.5% in 2024
Failure of China’s property market to recover is exacerbating economic problems, warns economist
· Two Chinese Shipbuilders to Merge, Creating Global Titan
The resulting entity will be the world’s largest listed shipbuilder, holding one-third of the global market
· China’s New Economy Industries Slip as Labor Inputs Fall to Nine-Year Low
Caixin index shows weakest reading since March, with tech subindex contributing to the decline
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This article was generated by Caixin Automation.
