China’s benchmark Shanghai Composite Index (000001.SH) gained 0.1% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 0.05%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.87% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.12%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· France’s Le Maire Calls on EU to Support European Factories
Rather than funding Chinese or American manufacturing, Europe should ditch its state-aid dogma in favor of backing continental production, finance minister says
· China’s Inner Mongolia to Borrow $9 Billion to Pay Bills Owed to Businesses
Autonomous region’s refinancing bond issue Oct. 9 will be the first by a local government in response to the State Council’s demand to repay businesses
· Chinese Banks Should Expand in Belt and Road Countries, Central Banker Says
Businesses from China are involved in $1 trillion of projects and need transactional banking services in yuan, PBOC research chief Zhou Chengjun says
· CSRC Names Chen Huaping to Fill Vice Chairman Vacancy
The securities regulatory veteran who most recently was chairman of the Shenzhen bourse succeeds Zhao Zhengping, who retired in December
· China Could Resolve EV Row With EU by ‘Price Undertaking’ Talks, Ex-WTO Chief Say
Pascal Lamy tells Caixin that anti-subsidy probe was triggered by concerns that cheap Chinese electric cars would flood the bloc’s market
· Former Beijing Health Chief Sentenced to 11 Years for Bribery
Yu Luming pleaded guilty to taking 10.5 million yuan in bribes in exchange for help with issues including securing hospital project contracts
· WHO’s New China Rep Says Tighten Disease Surveillance, Expand Primary Care to Tackle Outbreaks
Martin Taylor, who arrived in July, adds that gathering open source data, including information from social media, could help track the severity of future epidemics
· Property Brokerage Lianjia Slashes Beijing Commissions to Boost Sales
Real estate giant cuts selling fees to 2% from 2.7% and will split the cost between buyers and sellers rather than collecting only from buyers
· Chengdu Scraps Homebuying Limits in Certain Districts
Capital of Sichuan province joins a raft of second-tier cities in easing policies to help bolster China’s ailing housing market
The two assaulters, both 9 years old, were told to undergo psychological counseling and behavioral correction — a punishment some netizens say is ‘too lenient’
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This article was generated by Caixin Automation.
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