China’s benchmark Shanghai Composite Index (000001.SH) lost 0.88% on Friday, while the Shenzhen Component Index (399001.SZ) fell 1.23%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 2.05% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.81%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Boeing Delays Delivery of Aircraft to China for Battery Reviews
Industry insider says delay is not due to U.S.-China trade tensions but a technical issue involving the cockpit voice recorder
· China, South Korea and Japan Hold First Trilateral Leaders’ Summit in Five Years
Premier Li Qiang will join talks in Seoul focusing on the economy, trade, sustainable development and other topics of mutual benefit
· China Vanke Uses Logistics Unit Shares as Collateral for $2.8 Billion Loan
The syndicated loan led by China Merchants Bank comes as Vanke has $1.39 billion of offshore debt due in the next month
· Two Chinese Battery Parts Firms to Build Factories in U.S. as Tariffs Soar
Flexible decision-making and lower opportunity costs give smaller firms an advantage when entering the U.S. market, says expert
· Debut Price Spikes of China’s Special Treasury Bond Likely Due to Limited Supply, Sources Say
Retail investors could only trade the 30-year bonds on stock exchanges, where relatively few were available
Jiangxi aims to be global raw materials base, CATL partners with EV brand in battery-swapping business, solar industry calls for end to ‘malicious’ competition
· White House’s Squeeze on Nvidia Chip Exports Is Turning Into a Win for Huawei
Chinese national champion pulls ahead as Nvidia churns out lower-powered export chips that will comply with ever-tightening U.S. rules
· University of Hong Kong Probes Suspected Fraudulent Student Applications
Fake degrees and other forged documents may have been used in applications to the university’s business school, with a source telling Caixin that 200 students may be involved
· Weekly Must-Read: China Set to Ease Controls on Genetic Resources to Plug Biotech Innovation Gap
The National Health Commission is spearheading the reform, Caixin has learned, in response to complaints that overly tough restrictions are choking innovation, particularly in the biotech and pharmaceutical sectors
· Photo Essay: Rise in Teen Violence in China Rekindles Pain for Parents of Slain Daughter
A murder in northern China’s Hebei province of a teenage boy by three of his classmates, shocked the nation and yet again shone a spotlight on the rise in violent juvenile crime
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This article was generated by Caixin Automation.
