China’s benchmark Shanghai Composite Index (000001.SH) lost 1.7% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 2.2%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.31% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 2.11%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Update: Shackled Mother Had Been Sold Into Forced Marriages at Least Three Times, Probe Finds
Investigation into the high-profile case identified the woman as a 44-year-old abducted from Southwest China in 1998
· China’s State Grid Sells AusNet Stake for $1.3 Billion
Investment more than doubles over nine years under the power giant’s overseas electricity transmission and generation market strategy
· Analysis: Shackled Mother of Eight Is Only One of Thousands of Trafficked Women
Studies going back almost 40 years show China has a deep-rooted criminal problem that authorities have been battling with little effect
· China Loosens New Mobile Payment Rules to Put Small Businesses at Ease
Alipay, WeChat Pay will allow businesses to choose whether to continue to use personal barcodes to collect payments or use new merchant barcodes
· China’s Big Data Catches Another Livestreamer Evading Taxes
An e-commerce livestreamer with 24 million followers fined nearly $10 million for tax evasion, Guangzhou tax bureau announces
· In Depth: Could Pfizer’s Drug Paxlovid Change China’s Covid Policy?
The pill’s remarkably quick approval has set tongues wagging that it‘s a sign Beijing might be preparing to relax its strict pandemic controls
· Veteran Diplomat to Serve as China’s New Envoy to Troubled African Region
Former ambassador Xue Bing will lead efforts in regional peace and development in the Horn of Africa, which the foreign ministry said had a ‘unique strategic position and great development potential’
· China’s Largest Private Tutor Sinks $907 Million Into the Red After Transformative New Rules
New Oriental ceased all tutoring of K-9 academics, laid off tens of thousands of staff in second half of last year
· Analysis: How Hong Kong Failed to Maintain ‘Zero Covid’
While the city’s epidemic control system could handle smaller outbreaks, it was quickly overwhelmed when case numbers spiked this month
· Opinion: How the Ukraine Crisis Will Affect the Yuan and Other Currencies
Currencies with a high correlation with risk assets like stocks, as well as those of countries that do a lot of trade with Russia, will bear the brunt of escalation
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This article was generated by Caixin Automation.
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