China’s benchmark Shanghai Composite Index (000001.SH) gained 0.12% on Friday, while the Shenzhen Component Index (399001.SZ) rose 0.5%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.62% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.76%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Weekly Must-Read: Logistics Is Getting Pricy in China, but Reform Will Be a Long Haul
Overreliance on trucking combined with a hard-to-reform railway system have left policymakers little room to maneuver
· Searing Heatwave Sweeping North China is Threatening Crops
Orange alert as temperatures topping 42°C together with lack of rainfall leave China’s farmers struggling
· Evergrande Auto Ordered to Repay $262 Million of Government Subsidies
Hong Kong-listed EV unit has 60 days to seek an administrative review of the decision
· More Chinese Cities Offer Cash Handouts to Encourage Baby Boom
Experts say more needs to be done at national level if China is to reverse its falling birthrate
· Former Head of Shaanxi Health Committee Investigated for Graft
Anti-corruption efforts in China’s health system intensify with more than a dozen officials now under investigation
· China Anti-Graft Investigators Detain Top Leaders of 17 Listed Firms This Year
Yang Yongping, chairman of Xuerong Biotechnology, is one of the latest to fall under investigation for possible involvement in suspected crimes or violations of law by public officials
· Hong Kong Creates Task Force to Investigate University Management's Escalating Spat
A dispute over personnel appointments at the University of Hong Kong has turned into a wider conflict between its president and the governing council
· China Merchants Group Pushes Forward Plan to Consolidate Cargo Operations
The state-owned conglomerate plans to bring its container line company and ro-ro shipping firm under China Merchants Energy Shipping
China’s ballooning renewables capacity challenges grid, country could have over a million hydrogen-fueled vehicles on the road by 2035, ‘gutter oil’ biofuel takes flight
· Bankrupt Sichuan Trust Seeks Investors to Bring Business Back
A qualified investor needs to have capital of 3 billion yuan, total assets for the last year of 50 billion yuan and net assets of 20 billion yuan
Click here to read more of the latest news.
This article was generated by Caixin Automation.
