China’s benchmark Shanghai Composite Index (000001.SH) gained 0.3% on Friday, while the Shenzhen Component Index (399001.SZ) rose 0.98%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.44% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.37%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Weekly Must-Read: China’s ‘Zero-Covid’ Looks Done. So, What to Expect Next?
Vaccination campaign for the elderly gets rebooted and switch to home quarantine for close contacts and self-testing gathers pace across the country
· China Plans to Broaden Scope of REITs for Bolstering Property Sector
Real estate investment trusts could raise billions of dollars to back projects in affordable rental housing, market-priced housing and commercial real estate under CSRC plan
· Hong Kong Eases Covid Quarantine Rules Amid Surging Cases
Authorities cut isolation period to five days from seven as most infections are diagnosed by the fifth day, based on recent data
· China’s Local Governments Set Out Plans to Meet 2030 Peak Carbon Goal
Some 14 provincial-level regions have released detailed action plans, with the Southwestern province of Guizhou and North China’s Inner Mongolia autonomous region among the latest to make announcements
· Chinese Cities Continue Shift From ‘Zero-Covid’
Major hubs including Beijing and Shanghai have further eased restrictions on quarantine and travel, dropping on-arrival testing
· British Businesses Prepare for Rising Covid Infections as China Scales Back Controls
An annual survey by the British Chamber of Commerce in China shows a pessimistic outlook, with Chair Julian MacCormac saying it’s too early to predict the impact of ‘zero-Covid’ relaxation efforts
· Two Provinces Look to Drum Up Business Overseas as Exports Slump
With China now easing its strict Covid controls, Zhejiang and Fujian are arranging for local companies to send staff abroad to begin reforging connections
· China Reports First Rise in Gold Reserves Since 2019
Central bank adds $1.8 billion to the world’s seventh-largest bullion hoard as nations around the world expand holdings in the face of rising inflation
· In Depth: Beijing Stock Exchange Fights to Make Its Mark
On its first anniversary, the bourse, which was set up to help innovative small businesses raise capital, has little to celebrate
· Logistics Begins Slow Recovery as China Eases Covid Controls
Service providers are operating far below capacity amid disruptions at thousands of delivery terminals and distribution centers across China
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This article was generated by Caixin Automation.
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