China’s benchmark Shanghai Composite Index (000001.SH) gained 0.48% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 0.4%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.08% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.65%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Shandong LGFV Boss Swept Up in Intensifying Graft Crackdown
Yin Peng, head of Shandong Guohui Investment, comes under investigation as graft busters target nine top executives in several provinces since August
· Xi Calls for Stable Ties in Meeting With California Governor Newsom
Chinese president hosts leader of largest U.S. state for talks on cooperation in climate change and new energy
· In Depth: China Readies Relaunch of Shelved Carbon Credits Program
Central government has completed two out of three major steps required to reboot the voluntary scheme, which was initially stumped by small trading volumes and regulatory issues
· Chinese Artist Fined 5 Million Yuan in ‘Landmark Case’ for Plagiarizing Foreign Work
The plaintiff, Belgian painter Christian Silvain, applauded the verdict, saying the judgment had made the European market more optimistic about China’s protection of intellectual property rights
· China Names Lan Foan to Be New Finance Minister
Appointment of the public finance specialist was widely expected after he was named Communist Party chief of the Ministry of Finance
· Chinese Airlines Take ‘All You Can Fly’ Promotions International
China Southern joins Spring Airlines and Shandong Airlines in offering foreign travel bargain passes to spur travel in the coming slow season
· Pony.ai Scores $100 Million Investment From Saudi Arabia
Chinese self-driving vehicle startup to set up joint robotaxi venture with the kingdom’s giant Neom urban development project
· China’s Top Diplomat to Visit Washington
During a three-day visit beginning Thursday, Wang Yi will have in-depth exchanges with top American officials on China-U.S. relations as well as international and regional issues of common concern, foreign ministry says
· China Removes Defense Minister Li Shangfu, State Broadcaster Says
Li, who was only appointed in March, has been out of public sight for almost two months
· CICC’s 27 Billion Yuan Refinancing Plan Fails
The snub for one of China’s biggest securities companies comes as such firms find it tougher to replenish their capital
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This article was generated by Caixin Automation.
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