China’s benchmark Shanghai Composite Index (000001.SH) lost 1.17% on Friday, while the Shenzhen Component Index (399001.SZ) fell 1.89%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 2.44% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 2.52%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Zhang Wenhong: China’s Pandemic Fight Can and Should Allow for Normal Life
Shanghai shows how the updated approach to managing Covid-19 can win without mass testing, lockdowns and widespread disruption, top infectious diseases expert says
· China’s ‘No-Limit’ Tie with Russia Has Bottom Line, China Envoy Says
‘That line is the tenets and principles of the United Nations Charter’ Ambassador Qin Gang tells China’s Phoenix TV
· Luckin Coffee’s Outlets in China Top Starbucks
Fourth-quarter revenue jumps and loss narrows as Chinese startup moves past 2020 fraud scandal and prepares to seek relisting of its stock in the U.S.
Realized foreign direct investment in the manufacturing sector fell 4.6% in 2021 from 2019 levels, commerce ministry data show
· Analysis: Is Hong Kong Following Singapore in Living With Covid-19?
The city government plans to ease most of its social-distancing rules in three phases, starting from April 21, as Singapore did back in June
· In Depth: Trip.com Eyes Post-Pandemic Tourism Boom, as Rivals Circle
From livestreaming to social networking, the leading online travel agency is trying different methods to hold onto its top spot
· Debt-Wracked Chinese Developers Delay 2021 Financial Reports
Sunac and three other builders blame Covid, though industry insiders say such hold-ups usually result from disagreements with auditors
· Shanghai Financial Firms Ask Staff to Sleep in Office Amid Local Covid Flare-Up
Authorities issue stay-at-home orders, launch mass testing in the city’s busy financial district to contain its latest Covid flare-up
· Carbon Futures ETF Debuts in Hong Kong
The exchange-traded fund tracks the ICE EUA Carbon Futures Index, which measures the performance of a basket of European Union Allowance futures contracts
· Japan, Russia Trade Barbs in Wake of Ukraine War
Moscow called off long-running peace treaty talks after Tokyo joined with the G-7 countries in imposing sanctions
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This article was generated by Caixin Automation.
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