China’s benchmark Shanghai Composite Index (000001.SH) closed nearly flat on Thursday, while the Shenzhen Component Index (399001.SZ) fell 0.22%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.51% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.44%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China Rolls Out Registration-Based IPO Rules Across Market
Securities regulators move to expand faster approval system for new shares sales following trials on STAR Market, ChiNext and Beijing Stock Exchange
· BHP Eyes Broader Partnerships in China as Demand Picks Up
CEO Mike Henry outlines the Australian mining giant’s strategies for China and the green energy transition in an interview with Caixin
· Guangdong Party Chief Warns Growth Model Must Change
Economic powerhouse’s shift to ‘high-quality’ development is imperative, Huang Kunming tells officials
· Sany Heavy, Zoomlion Warn of Tumbling Profits on Covid-Hit Economy
China’s top construction-machinery makers estimate earnings may have dropped more than 60% last year
· Jack Ma Meeting Rumor Sends Stock of Thai Giant’s Unit Soaring
CP Group subsidiary Chia Tai Enterprises traded at HK$6.98 at one point on Wednesday, more than eightfold Monday’s opening price
· China’s New Home Sales Get Off to a Weak Start in 2023
The 100 largest Chinese developers sold $52.5 billion worth of new properties in January, down 32.5% from a year earlier
· China Doled Out $622 Billion of Tax and Fee Relief to Support Businesses in 2022
Micro and small enterprises were the biggest beneficiaries of the support, which included value-added tax refunds
· China Warns Incoming Czech Leader Over Call with Taiwan’s Tsai
A Foreign Ministry spokesperson says President-elect Petr Pavel’s call was a violation of the ‘One China’ principle
· In Depth: A Metal Tycoon’s Liquidity Woes Disrupt China’s Copper Trade
Bankruptcy restructuring of He Jinbi’s Covid-crippled Maike Metal International threatens a third of China’s copper imports
· Embattled Anxin Trust Approved for $1.3 Billion Share Placement
Shanghai state-backed special purpose vehicle will take controlling 50.3% stake under government plan to bail out the former high-flyer
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This article was generated by Caixin Automation.
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