China’s benchmark Shanghai Composite Index (000001.SH) gained 0.89% on Friday, while the Shenzhen Component Index (399001.SZ) rose 1.37%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.81% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 2.33%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
Chinese entrepreneurs, professionals and their families are moving to the Southeast Asian country in droves
· Trust Industry Profits Fall 31% Amid Market Volatility
Managing $2.98 trillion, Chinese trust companies’ investment returns fall 24% in first quarter, though capital strength and asset structure improve
· Retail Investors’ Share of Chinese Stock Markets Falls Below 70%
Institutions play an expanding role in trading, and individuals grow more sophisticated, a top market regulator says
· Spain’s La Liga Terminates Broadcasting Deal With Chinese Partner
Wuhan DDMC’s Super Sports missed $47 million payment, prompting top soccer league to scuttle six-season deal inked in 2019
· Two Killed in Nio Test Car That Fell From Third Floor
Trial model of popular ET7 broke through a wall in a parking building, though Nio says accident was ‘not caused by issues with the vehicle’
· China Expands REIT Market to Spur Infrastructure Growth
As the economy slows, regulators have turned to the hot investment product as a source of funding
· After Junk Downgrade, China’s Largest Developer Announces $441 Million Bond Buyback
Country Garden repurchases 60% of the outstanding principal on an offshore bond due in July
· In Depth: China’s Relaxation of Penalties for Wildlife Breeding Raises Concerns
A new judicial interpretation revises how punishments for artificial breeding of wild animals are decided. But activists say a potential escalation of trafficking is a cause for worry
· State Firms Urged to Recruit More College Graduates Amid Bleak Job Market
China’s top state-asset supervisor told SOEs to start summer recruitment campaigns as soon as possible, as graduate employment has been sluggish for a third year in a row
· Greek Shipping Insider Lays Out How Industry Can Recover From Post-Pandemic Malaise
The business faces multiple challenges, including environmental regulations, supply chain disruptions and geopolitical tensions, says Posidonia Shipping Exhibition managing director
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This article was generated by Caixin Automation.
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