China’s benchmark Shanghai Composite Index (000001.SH) gained 0.2% on Friday, while the Shenzhen Component Index (399001.SZ) rose 0.24%.
Both Shanghai’s tech-heavy STAR 50 Index (000688.SH) and Shenzhen’s similar ChiNext Index (399006.SZ) ended nearly flat for the day.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Alibaba to Convert Hong Kong Listing to Primary Next Week
Shareholders ratified the decision, which allows the e-commerce giant to join a program that connects the Shanghai and Shenzhen bourses to Hong Kong’s exchange
· Toyota-Backed Fuel Cell Plant Kicks off Production in Beijing
Beijing factory begins producing hydrogen fuel cell systems for greener buses and trucks
· Geely Auto Raises Export Target After 67% Growth in First Half of Year
Geely Auto CEO says export surge is driven by expansion into emerging markets
· Price War and Weak Demand Leaves Half of China’s Car Dealers in the Red
Survey points to tough half year for auto dealers but 40% remain optimistic
· Retired Vice President of State Railway Builder Under Probe
Forty-year career in railway construction ends in corruption investigation
· Singapore’s Temasek Offers 2.7 Billion Yuan in Offshore Bonds
The offering, scheduled to close next Wednesday, consists of a 1 billion yuan 10-year bond and a 1.7 billion yuan 30-year bond
· Energy Insider: China Approves 11 Nuclear Power Reactors, Curbs Coal Power Expansion
Beijing vows to defend EV-makers after EU tariff hike, state planner calls for more investment in energy equipment
· China’s Dairy Probe Could Squeeze EU Exporters, Analysts Say
Chinese market is already saturated with local and imported dairy products, which has driven down prices
· In Depth: China’s Tightening Rules Put Foreign High-Frequency Futures Traders in Limbo
Some firms that have operated for years in a gray area are now struggling to find a compliant way to continue running their businesses in China
· Duke Kunshan University Hosts U.S. Students in Bid to Boost International Appeal
The Sino-U.S. partnership school launched the program as China’s attractiveness to international students has declined due to the pandemic as well as rising geopolitical tensions
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This article was generated by Caixin Automation.
