China’s benchmark Shanghai Composite Index (000001.SH) gained 1.01% on Friday, while the Shenzhen Component Index (399001.SZ) rose 1.1%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.06% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.12%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Weekly Must-Read: What’s in China’s Policy Toolbox to Tackle the Ballooning Housing Stocks
The Politburo wants to reduce China’s housing inventory and stimulate home sales. How will they do it?
· Joint Task Group Formed to Devise Measures to Tackle China’s Property Slump
State Council to announce policy seeking to ensure the delivery of unfinished housing projects
· First ABS Managed by Insurer-Backed Asset Managers Debuts in Shanghai
$174 million issuance will bolster interest among insurance companies and help diversify the group of ABS investors, say experts
· Ex-Vice President of Agricultural Bank Under Graft Probe
Lou Wenlong investigated on suspicion of serious violations in law and discipline
· Xi and Putin Agree to Further Deepen Economic and Military Ties During State Visit
China and Russia commit to maintaining close high-level and civilian exchanges while seeking new channels of cooperation
· Li Auto Faces Class Action Lawsuits Over Misleading Outlook for Li Mega MPV
A lukewarm response on its debut, a slowing market and EV makers slashing prices meant sales of the Li Mega MPV were disappointing
· Former ICBC Vice President Arrested on Bribery Charges
Zhang Hongli also engaged in ‘superstitious activities’ and read books with ‘serious political problems,’ a corruption investigation finds
· Lawrence Wong: Singapore’s New Prime Minister Seeks to Be a ‘Servant’ of the People
Known as a consumate technocrat, Wong was sworn in on Wednesday, becoming only the fourth leader of the island nation since independence
· China Rolls Out Stricter Rules for Quant Trading to Curb Market Volatility
Under the new regulations, stock exchanges need to monitor program trading in real time and set up standards to identify ‘abnormal’ moves
· Lee Hsien Loong: A Two-Decade Political Legacy That Earned Singapore a ‘Unique Standing’
As prime minister, Lee provided the country ‘with a voice of reason and a principled commitment to the international rule of law and the global good,’ Singaporean President Tharman Shanmugaratnam says
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This article was generated by Caixin Automation.
