China’s benchmark Shanghai Composite Index (000001.SH) gained 0.68% on Friday, while the Shenzhen Component Index (399001.SZ) rose 0.89%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.19% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.63%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Beijing Sells More Land at Lower Average Prices in 2023
Land auction prices fall as China’s continuing property market slump fails to attract developers willing to embark on new projects
· Ex-Central Bank Official in China Sentenced to Prison for Leaking State Secrets
Sun Guofeng also took bribes and engaged in insider trading, the country’s top prosecutor says
· Exclusive: Former Citic Bank Chair Penalized for Wrongdoing, Sources Say
Li Qingping has had her official rank downgraded post-retirement, possibly for promoting problematic executives
· Opinion: Some China Assets Can List in U.S. Unobstructed Amid Geopolitical Divide
Companies relocating their operations outside the mainland can find a much smoother route to U.S. capital
· Year in Review: Renewables Start to Power China’s Economy
Solar cells, batteries and EVs outranked China’s traditional export stars and drove the nation’s international trade in 2023
· Year In Review: China’s Downsized Post-Pandemic Job Market Feels the Strain
A record number of graduates tried to enter the workforce in 2023, just as major employers such as the education, real estate and internet sectors cut jobs and scaled back hiring
· China Boots Three Arms Executives From Top Political Advisory Body
Chinese People’s Political Consultative Conference decides to revoke the membership of executives from three state-run missile-makers, following recent leadership shakeups in the military
· Hong Kong Mulls Licensing Regime for Stablecoin Issuance
HKMA is seeking public views to help develop a regulatory framework for issuers of cryptocurrencies pegged to existing currencies or commodities
· Ex-Boss of New China Life Receives 6.5-Year Jail Term for Bribery
Ex-chairman of state-owned insurers exploited his position to seek benefits for others in exchange for bribes, court rules
· Year in Review: China’s Outbound Businesses Pivot to Latam, Middle East
The new focus is driven partly by declining consumer demand in established markets such as the U.S. and EU, compounded by rising trade protectionism
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This article was generated by Caixin Automation.
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