China’s benchmark Shanghai Composite Index (000001.SH) gained 1.94% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 3.13%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 4.68% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 3.32%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Caixin Top Stories of the Month: What’s Causing China’s Fertility Rate to Plummet?
Birthrates have dwindled after decades of strict family planning and the emergence of a highly competitive and expensive environment for raising kids
· Embattled EV Maker HiPhi Approaches State Rival in Search for Revival
Few details disclosed of meeting between Changan Automobile chairman and HiPhi founder, but clock is ticking if EV startup is to survive
· Securities Watchdog Tells Quant Funds to Downsize Popular Strategy
The CSRC has acted to reduce the leverage of Direct Market Access to help ensure stability in market operations
· China Expects to Deliver Second Home-built Large Cruise Ship in 2026
Work has started on a second China-built cruise ship that will be even bigger than the Adora Magic City
· Hong Kong Team Develops Improved Test to Catch Alzheimer’s Early
The latest advance will help patients seek treatment before symptoms appear for both the degenerative disease and mild cognitive impairments, study’s lead researcher says
· In Depth: China Overhauls Company Law
Major changes include setting a five-year deadline for investors to make good on capital contributions, while increasing the liability of management for unpaid commitments and harmful practices by shareholders
· In Depth: Behind the Suicide of Leading Figure in Shady Fundraising Practice
Yu Lei made over 1 billion yuan helping state-backed firms issue bonds through ‘structured issuances,’ before losing much of it when his business partners betrayed him
· China’s In Vitro Test Makers Seek Growth Overseas as Domestic Demand Dwindles
Profits have fallen for the diagnostic device manufacturers as a period of pandemic-driven sales comes to an end
· China’s Top Court Launches Database to Help Judges Make More Uniform Decisions
The new platform assembles ‘authoritative cases’ deemed by the Supreme People’s Court to offer ‘referential and demonstrative value’ for similar cases, official says
· China’s Mortgage Rates Fall to Lowest Level Since 2008
Think tank report concludes that further cuts in mortgage rates and other supportive polices are needed to stimulate demand in the property market
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This article was generated by Caixin Automation.
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