China’s benchmark Shanghai Composite Index (000001.SH) gained 0.94% on Friday, while the Shenzhen Component Index (399001.SZ) rose 0.91%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.17% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.28%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Update: Former Justice Minister Booted From Party for ‘Inflated’ Political Ambitions
Fu Zhenghua is accused of being part of a political clique, pursuing selfish interests and lying to the party about major issues
· Macao Gambling Junket Operator Golden Group Shuts Down
Business run by Hong Kong’s billionaire ‘queen of shell companies’ joins growing list of enterprises closing in Beijing’s gambling crackdown
· Chairman and CEO of Perfect World Pictures Dies at 48
In six years at film and game conglomerate, Lian Jie produced successful programming and pioneered co-production with Universal Pictures
· China’s Deposit Insurance Fund Had $15.14 Billion Balance at Year-End
Central bank reports that more than 4,000 lenders paid $7.35 billion in premiums last year to insure deposits
· Opinion: In Crisis Mode, Shanghai Should Stick to Zero-Covid Approach
A UCLA professor’s long-term coexistence plan won’t help and could hinder Shanghai’s response to the current crisis, a Zhejiang University professor argues
· China-U.S. Audit Regulation Talks Are Proceeding Smoothly, Securities Regulator Says
CSRC says the two sides will continue talking to work toward a resolution to a long-standing dispute over access to audit working papers
· Trending in China: Anger Rises Over Deaths During Shanghai Lockdown
As emergency treatment is stymied by stringent restrictions on people’s movement, local officials take the brunt of online criticism
· Covid Controls Leave Shanghai Port Plagued by Delays
Port authorities have implemented a ‘closed-loop system’ for stevedores similar to the Beijing Winter Olympics
· Country Garden Snaps Up Property Assets From Partners Amid Market Turmoil
China’s largest real estate company by sales had acquired 35 such projects, illustrating it is one of the few private developers to maintain its financial health
· China’s Real Estate Woes Eat Into Vanke’s Earnings
Chairman Yu Liang attributed a 45.7% profit plunge to dwindling margins, falling returns on investment
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.
