China’s benchmark Shanghai Composite Index (000001.SH) gained 0.45% on Friday, while the Shenzhen Component Index (399001.SZ) rose 0.85%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.23% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.84%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Weekly Must-Read: Raging Price War Poses Survival Threat for Automakers
Only a handful of EV and smart car winners may remain standing as China’s crowded vehicle industry faces a massive shake-out
· China’s Yahua and LG Energy to Produce EV Battery Materials in Morocco
Partnership aims to capitalize on Morocco’s free-trade accords to sell lithium products for electric vehicles in the U.S. and EU markets
· China's Top Private Shipbuilder Scores 15% Discount on Office Tower
Yangzijiang Shipbuilding’s $300 million purchase reflects rush to sell by Vietnam’s scandal-rocked Van Tinh Phat Holdings
· Coller Capital Closes First Yuan-Denominated Private Equity Secondaries Fund
U.K.-based firm sets fundraising target of $218.12 million as global private equity investors including Louis Vuitton unit and Warburg Pincus target China
· Malaysia Highlights Potential of Islamic Finance Market as It Woos Hong Kong
Malaysia would like to ‘leverage’ the city’s position as a global financial center to ‘channel global capital’ into the Southeast Asian country, trade minister says
· Opinion: Connecting to the GRID of Forces Driving China’s Economy
Opportunities abound for private Chinese and foreign companies to capitalize on the country’s new growth strategy, despite widely perceived challenges
· In Depth: How China’s Shrinking Population Is Driving Education Reform
The government wants to expand vocational education while curtailing the expansion of universities
· China’s Economy May Struggle to Maintain Growth Momentum
Consumers haven’t delivered on the expected ‘revenge-spending’ splurge while private-sector investment is weak, analysts say
· Beijing’s EU Envoy Warns of Risks if Bloc Curbs China Trade
Fu Cong says he hopes Europe can resist ‘unwarranted pressure’ from the U.S. to decouple from China, urging it to maintain its ‘strategic autonomy’
· In Depth: Should Beijing Reinstate Subsidies for Auto Sales?
Complex market dynamics could make state intervention less effective as the industry’s increasingly vicious price war fails to spur demand
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