China’s benchmark Shanghai Composite Index (000001.SH) lost 0.83% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 0.99%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.63% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.78%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Dawn of 5G-A Promises to Bring AI and Much More to Your Mobile
Commercial use of 5G Advanced has started, a technology that will transform the world yet again
· Chinese Police Tackle Euro 2024 Cross-Border Gambling Scams
Coordinated operation with Macao police dismantles cross-border illegal gambling and money laundering syndicate
· Taiwan Vessel Seized Off Fujian for Fishing Illegally
Boat and five crew detained by mainland coast guards in Taiwan Strait
· When it Comes to Online Shopping, Two China Firms Are Making Sure Hong Kong Delivers
SF Express and Cainiao are transforming Hong Kong’s express delivery market with ambitious expansion plans
· Huawei Sells EV Brand Aito’s Trademarks, Patents to Partner
Chinese carmaker Seres is spending $344 million on registered or pending trademarks of Aito-related characters and graphics, as well as exterior design patents
· CSRC Official Likely Used Cryptocurrency to Hide Bribes, Sources Say
The official, who is under investigation for suspected graft, is head of the securities regulator’s technology supervision department
· Debt-Laden Chinese Supermarket Chain Gets Nod for $344 Million Share Sale
Court gives Better Life the go-ahead to raise the funds for its restructuring plan, exchange filing shows
· China Calls for Severe Punishments after Kidnapped Victims Murdered in Philippines
Chinese citizen and colleague suspected of being lured to Philippines and killed by criminal gang
· Former Ningxia State Asset Investment Boss Under Investigation
Probe into Zhao Qihong may be linked to his involvement in Ningxia Financial Asset Management Co., a bad-assets manager, sources say
· Spluttering Car Sales Put Pressure on Dealers as China’s Inventory Alert Index Soars
Auto sales fall despite government subsidy program for customers who trade in old cars for new
Click here to read more of the latest news.
This article was generated by Caixin Automation.
