China’s benchmark Shanghai Composite Index (000001.SH) gained 0.31% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 0.1%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.19% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.47%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Biden Signs Narrow China Investing Rules as U.S. Seeks Better Ties
Executive order limits American investments in Chinese semiconductor, quantum computing and artificial intelligence enterprises
· China Renaissance Founder Bao Fan Remains in Custody
Authorities extend detention of top investment banker in investigation after his February disappearance rattled financial markets
· Hainan Plans Second Dim Sum Bond Sale in Hong Kong
Island province issues invitation for bids from underwriters to carry out borrowings for sustainability projects
· Opinion: The Major Shifts Affecting China’s Overseas Trade
Russia became one of the few drivers of Chinese export growth in July, while many others turned into drags
· Yuan Transactions Hit Record in Russia
The Chinese currency was on one side of 44% of forex trades on the Russian exchange-traded market last month, up from 39.8% in June
· Beijing Floods’ Death Toll Rises to 33
Eighteen people remain missing after the Chinese capital was hit by the heaviest rainfall in 140 years
· Exclusive: Three Wanda Executives Under Police Investigation
Investigation involves a ‘huge amount’ of money in eastern China project, person close to the matter tells Caixin
· Brilliance China Plunges as Hong Kong Graft Busters Probe Chairman
Wu Xiao An detained by authorities and released without charges being filed, BMW’s China partner discloses
· In Depth: Country Garden’s Troubles Mount as It Misses Offshore Bond Interest Payment
Guangdong-based developer is one of the few major property groups to have avoided defaulting on bonds so far, but a slump in sales has left it struggling
· E-Commerce Giants Rush to Roll Out ‘Full-Service’ Business Model
Novel model allows platforms take care of nearly all aspects of the sales process, from pricing to storage to marketing to fulfilment
Click here to read more of the latest news.
This article was generated by Caixin Automation.
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