China’s benchmark Shanghai Composite Index (000001.SH) gained 0.09% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 0.05%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.69% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.55%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· U.S. Trade Probe on Chinese Shipbuilding ‘a Mistake,’ Ministry Says
America can’t blame China for its own industrial problems, says Chinese Commerce Ministry statement
· Alibaba Doubles Down Overseas for New Growth Drive
AIDC, responsible for global businesses, is considered Alibaba’s most promising segment, despite stiff competition from fast-rising upstarts
· China’s Youth Struggle to Find Work Despite Drop in Jobless Rate
Beijing earmarks $9.3 billion to boost employment as joblessness among educated workers continues to cause concern
· Analysis: A Deep Dive Into China’s Expectations-Beating GDP Growth
The headline number of 5.3% is a sign the economic recovery is accelerating, but persistent low prices ought to be addressed
· Commentary: Stricter Capital Market Oversight Looms in China
New guidelines from the State Council outline heightened penalties, portending a stricter regulatory regime
· “Explore Ways of Coexisting,” China’s Defense Chief Tells U.S. Counterpart
Improving military relations is crucial to the implementation of the consensus agreed by the two countries' presidents, Dong Jun tells Lloyd Austin
· China Calls on Banks, Insurers to Boost Funding for Manufacturing
Top regulators set out how the financial sector can support the government’s strategy to create a manufacturing powerhouse and facilitate the green transition
· Exclusive: China Should Do More to Drive Adoption of Carbon Capture Tech, IEA Official Says
The technology can help reduce the emissions of China’s heavy industries such steel and cement, Timur Gül tells Caixin
· Honda to Launch Six EVs in China Under New Brand
The Japanese auto giant plans to roll out the Ye models by 2027, as it looks to catch its rivals in the world’s biggest electric car market
· Regulatory Moves Triggered Latest Slump in Chinese Small Caps, Insiders Say
Guidelines that aim to boost oversight of listed companies led investors to flee from the sector, with the Wind Micro Market Cap Index plunging around 10% for two days in a row
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This article was generated by Caixin Automation.
