China’s benchmark Shanghai Composite Index (000001.SH) gained 0.11% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 0.57%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.94% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.78%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Shenzhen Eases Home Purchase Curbs to Unleash Demand
One of China’s most expensive megacities relaxes restrictions affecting nonresidents and divorcees
· Tianjin Public Transit Delays Bus Driver Salaries
Employer of 18,300 delayed wages since June, workers report, spotlighting financial strains amid years of operating losses
· Global Container Shippers Cancel Sailings as Demand Declines
Transportation rates fall with winding-down of peak summer shipping season before Golden Week factory shutdowns
· Hamburg Sells 49.9% of Its Port Operator for $910 Million
Switzerland-based Mediterranean Shipping steps in to bail out German shipping center where China’s Cosco this year took a 24.99% stake in a container terminal
· Analysis: China Ups Pressure on Some Provinces as Energy-Saving Efforts Fall Short
Gansu, Hubei, Shaanxi and Qinghai have been told to step up measures to reduce energy intensity to meet targets set in the 14th Five-Year Plan
· China Seeks to Get More Criminal Appeals Cases Their Day in Court
Supreme People’s Court joins other judicial agencies to establish dedicated statutes and systems to improve the process amid growing concern over low hearing rates
· Cruise Ship Adora Magic City Passes Final Trial Voyage
First domestically built cruise vessel, accommodating 5,000 passengers, is set for November delivery and first commercial voyage next year
· Floundering WM Motor Claims a New White Knight
Chinese EV maker cites potential deal with retail platform Kaixin Auto after collapse of $2.02 billion Apollo Future Mobility rescue
· Ex-China Life Chairman Gets Suspended Death Sentence for Bribery
Wang Bin took $44.6 million in bribes as a top executive of Chinese banks and insurance companies including Taiping Insurance, court finds
· China’s Nationwide Property Tax Plan Set for Further Delay
Law paving the way for the levy is omitted from the new five-year program of the country’s top legislative body
Click here to read more of the latest news.
This article was generated by Caixin Automation.
Follow the Chinese markets in real time with Caixin Global’s new stock database.
