China’s benchmark Shanghai Composite Index (000001.SH) gained 1.27% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 0.76%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.96% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.31%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· HSBC Takes $3 Billion Charge on BoCom Holdings
Bank chief says write-down was a ‘technical accounting adjustment’ and HSBC continued to have strong confidence in the China economy
· Guangzhou Banks Further Ease First-Home Mortgage Requirement
Easing requirements to qualify for first-home mortgage rates has led to a surge in houses listed for sale but this has yet to translate into actual transactions
· China’s Comac Wins Domestic Order for C919 Jets at Singapore Airshow
Tibet Airlines will purchase 50 high-altitude versions of the self-developed narrowbody aircraft and the ARJ21, while another buyer signed a letter of intent for six variants of the latter
· Chinese Education Giant Urged to Repay Bondholders Early as Default Fears Mount
Hong Kong-listed XJ International Holdings has been asked by its creditors to complete early redemption on half of its $350 million in bonds by March 2
· China Kicks Off Drafting of Law to Promote Private Sector
The legislation should cover companies’ core concerns including protection of property rights, equal access to factors of production, and equal protection under the law, state media reports
· In Depth: Xiaohongshu’s Push to Make Users Open Their Wallets
The Chinese social media platform, which is mulling a Hong Kong IPO, has been struggling to get its users to buy things on the app
· Chinese Finance Veteran to Join World Bank Leadership
Export-Import Bank of China Vice President Zhang Wencai will become the Washington-based institution’s managing director and chief administrative officer
· Paul Chan: Hong Kong at the Forefront of the Green Transformation
The city is well positioned to develop into an international center for the transition as it has gathered numerous green tech companies and a vast amount of capital
· Ping An Real Estate Gets $1.1 Billion Credit Line as Debt Pressure Mounts
Lifeline for property investment arm of Ping An Insurance as it comes under liquidity pressure in China’s housing slump
· NDRC Mulls Funding Support to Boost Private Investment
Economic planning body aims to provide financial help to regional welfare projects that attract private investment
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This article was generated by Caixin Automation.
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