China’s benchmark Shanghai Composite Index (000001.SH) gained 1.1% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 1.57%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.37% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.52%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Top Stories of the Month: China’s Efforts to Prop Up Property Market Fall Short
Government efforts to stimulate the sector have fallen short, forcing localities to turn to stronger measures
· Analysis: China's 'Zero-Covid' Policy Is Here to Stay Despite Relaxing of Quarantine Rules
Public health policymakers making adjustments for evolving virus slash quarantine requirements while retaining ‘zero-Covid’ strategy
· Boss Zhipin, Full Truck Alliance Resume New User Registrations
Recruitment app and truck-booking provider report clearing year-long cybersecurity review in sweeping regulatory crackdown
· Tianqi Lithium Rolls Out $1.98 Billion Hong Kong Share Sale
Offering will be the biggest of the year in HK as the Chengdu-based company moves to pay off debt from SQM deal, expand capacity and built up working capital
· Chinese Electric Vehicle Maker Li Auto to Sell $2 Billion of New Shares
‘At-the-market’ offering in U.S. will raise funds for EV technologies, new-model design and replenishing working capital
· Wealthy Provinces Slash Civil Servant Pay Amid Budget Crunches
Economic disruptions from pandemic controls whack tax revenues, forcing governments to cut bonuses and lower compensation by 20%–30%
· Four Things to Know About Chinese Policy Banks’ Extra $120 Billion for Infrastructure
China is pinning its hopes on an old playbook — government-led infrastructure investment — to lift its economy out of the doldrums
· Chinese Travel Industry Stocks Take Off After Quarantine Rule Change
Shares of Trip.com and other big names in Chinese tourism rise by 10% or more over the last two days after the government cut the amount of time inbound travelers need to spend in isolation
· China’s Property Market Has Bottomed Out, Top Developer Says
Vanke’s chairman says pre-owned home sales are rebounding as a result of cities relaxing restrictions on property purchases
· Former Apple Camera-Module Supplier Removed From U.S. Trade Blacklist
Ofilm’s share price surged on Wednesday after its subsidiary was dropped from the U.S. Entity List
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This article was generated by Caixin Automation.
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