China’s benchmark Shanghai Composite Index (000001.SH) closed nearly flat on Friday, while the Shenzhen Component Index (399001.SZ) fell 0.15%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.48% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.64%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Weekly Must-Read: China Underscores Commitment to Controlling Vast Government Debt
In its first annual report about government debt to the country’s top legislature, the State Council also pledges to deepen reform of treasury debt management
· CATL is Using AI to Discover Next-Generation Battery Materials
AI could automate battery design and simulation, potentially cutting costs by 80%, says professor
· Meituan Debunks Rumor it Employs 80,000 Masters of The Road
The takeout delivery platform said nearly half of its 7.45 million riders worked less than 30 days last year
· Hunan Province Finance Chief’s Deadly Fall Treated as a Criminal Case
Two male suspects also died in fall from apartment window, police say
· Commentary: Making Foreign Investors Feel Safe in China is Essential For Its Economic Progress
Several recent violent attacks on foreigners show more effective measures are needed
· Analysis: Mid-Autumn Festival Spurs Patchy Tourism Rebound
Consumers send mixed messages as travel spending picks up, but costs of flights and hotel rooms dip
· PwC Hong Kong Next in Firing Line Over Evergrande Scandal
‘Big Four’ auditor’s Chinese mainland affiliate was hit with a record penalty for its accounting of the embattled developer’s major subsidiary
· Briefing: China’s Central Bank Gets Some Breathing Room After Fed Rate Cut
Environment ministry plans to streamline procedures to make it easier for private companies to do business, State Council calls for the removal of bottlenecks hampering VC development
· China’s Environmental Watchdog Plans to Simplify Procedures to Help Private Sector
Ministry outlines host of measures, including the creation of streamlined approval processes for investment projects
· In Depth: Punishing People for Their Relatives’ Crimes Comes Under Scrutiny in China
Legal experts are pushing to reform the practice of collective punishment, which can cause law-abiding citizens to lose their shot at joining the civil service or getting into the military
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This article was generated by Caixin Automation.
