China’s benchmark Shanghai Composite Index (000001.SH) gained 0.82% on Friday, while the Shenzhen Component Index (399001.SZ) rose 1.45%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 2.94% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 2.21%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Boeing Expects 737 Max to Return to China in Early 2022
Chinese regulators may lift a three-year-old grounding order in November, reopening the company’s biggest export market
· Energy Insider: Sinopec Ramps Up Diesel Output to Ease Shortfall
China draws roadmap to peak carbon emissions by 2030; NDRC consider capping price of coal; Shanxi to stagger heavy-industry production this winter
· Zhongyuan Bank to Merge With Three Other Local Banks
Acquisition of Bank of Luoyang, Bank of Pingdingshan and Jiaozuo Bank is part of government push to reduce financial risks by combining struggling small lenders
· SPAC Listing Plan in Hong Kong Wins Advisory Panel Backing
Blank-check special purpose acquisition companies would face strict rules after HK exchange’s struggles with shell company scandals
Check out these unmissable events in Beijing and Shanghai to see paintings, books, installations, rubbings, wood carvings and a lot more
· China’s Capital Takes Aim at Tutoring Industry Segment That Escaped Crackdown
The Beijing municipal government is tightening oversight on companies offering courses on subjects outside core school curriculum
· Magnesium Prices Down 40% in Key China Production Hub as Lights Come Back On
Smelters in Fugu, which were hit by power shortages last month, ramp up output, but global supply fears persist
· Overseas Investors in Chinese Bonds Get Four More Years of Tax Breaks
Investors outside the mainland are increasingly putting money into the world’s second-largest bond market, in part due to the attractive onshore yields
· Chinese Dairy Giant Yili Files Plan to Buy One-Third of Rival Ausnutria
Inner Mongolia-based company wants to boost its presence in the goat milk powder sector, a company source revealed
· China’s Hard-Hit Smaller Manufacturers Given More Time to Pay Their Taxes
The State Council’s decision offers micro, small and midsize companies three months longer to pay their fourth-quarter obligations
Click here to read more of the latest news.
This article was generated by Caixin Automation.
Follow the Chinese markets in real time with Caixin Global’s new stock database.
