China’s benchmark Shanghai Composite Index (000001.SH) gained 0.81% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 1.3%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.8% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.06%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Asia-Middle East Digital Currency Trial Reports Progress
Experiment involving central banks and financial institutions from China, the UAE, Hong Kong and Thailand completed $312 million of cross-border transactions
· Chinese Food Giants Hike Prices as Costs Rise
Since October, retail prices of some products have increased by as much as 18%
· In Depth: Combating the North American Pest That Has Reveled in Beijing’s Wet Summer
The ’white robe wizard’ is one of many nonnative species in China that destroys crops, hurts farmers’ livelihoods and threatens the survival of native wildlife
· Chinese Fugitive Who Cheated Thousands Charged in U.S. With Visa Fraud
Shi Jianxiang, whose collapsed peer-to-peer lending platform raised $6.3 billion in a Ponzi scheme, was arrested in Las Vegas promoting his cryptocurrency venture
· China’s Climate Envoy Expects a Deal on Carbon Market Rules in Glasgow
Xie Zhenhua says countries already have political consensus, and now only need to solve the technical problems
· China’s Coal Prices Plummet After Regulators Step In
Spot and futures prices of the fossil fuel have fallen by about 50% over the last 15 days, a sign that measures to cool the red-hot market are having an effect
· Caixin Explains: Beijing’s ‘Space-Time Overlap’ Criteria for Fighting Covid
Officials have started using the term to describe the more expansive criteria that disease control authorities in the capital are now using to decide what counts as a close contact
· Full Text: PBOC Chief Yi Gang on Protecting Personal Data From Big Tech
The central bank’s governor explains the Chinese laws and regulations that aim to protect individuals’ information from misuse
· Kangmei May Get $1 Billion Rescue Led by Guangzhou Pharmaceutical
Scandal-plagued drugmaker and former chairman charged with paying $1.56 million of bribes and other crimes related to 2019 financial reporting fraud
· EV Startup Byton Misses Payroll as Bankruptcy Looms
Court in Nanjing holds hearing on request for bankruptcy proceeding as former high-flyer halts factory operations
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This article was generated by Caixin Automation.
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