China’s benchmark Shanghai Composite Index (000001.SH) gained 0.17% on Friday, while the Shenzhen Component Index (399001.SZ) rose 0.27%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.91% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.45%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· TSMC Chairman Rules Out Joint Venture in U.S. Amid Rising Geopolitical Tensions
C.C. Wei made the comment when asked about the effects of recent geopolitical concerns on TSMC
· Hong Kong Consumer Watchdog Apologizes and Reassess Nongfu Spring Products
Nongfu Spring shares bounce back after Hong Kong Consumer Council admits mistake over classification
· Ex-VP of China’s Biggest Policy Bank Admits Taking $3.2 Million in Bribes
Wang Yongsheng, arrested six months ago, pleaded guilty to offering favors in exchange for illegal gains
· EU Non-binding Vote on Chinese EV Tariffs Shows Members Are Divided
Only 10 of the 27 EU members voted in support of tariffs on China’s EVs in advisory vote
· China’s First Saudi ETFs Fly Off the Shelf as Investors Seek High Returns
Two exchange-traded funds have repeatedly hit daily price limits after debuting on mainland bourses this week
· Stock Exchanges Pledge Equal Treatment for Chinese, Foreign High-Frequency Traders
Shanghai and Shenzhen bourses issue statements amid concern among overseas institutions that they will have to pay more
· Nio Opens Charging Network to EVs in Huawei Alliance
The Chinese EV-maker has made its charging stations available to cars built under the tech giant’s smart car alliance, which involves multiple brands
· Ex-Foreign Minister Resigns From Communist Party’s Central Committee
Qin Gang’s departure from the top decision-making body comes about a year after he was removed from his position
Chinese solar firms to open Saudi factories, national carbon market turns three, China’s fast-growing high-voltage electricity network
· China’s Aion Opens Its First Overseas EV Plant in Thailand
Thai government hails plant as helping to realize its vision of turning the country into a global production hub
Click here to read more of the latest news.
This article was generated by Caixin Automation.
