China’s benchmark Shanghai Composite Index (000001.SH) lost 0.07% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 0.25%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.32% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.09%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China Reports First Rise in Gold Reserves Since 2019
Central bank adds $1.8 billion to the world’s seventh-largest bullion hoard as nations around the world expand holdings in the face of rising inflation
· In Depth: Beijing Stock Exchange Fights to Make Its Mark
On its first anniversary, the bourse, which was set up to help innovative small businesses raise capital, has little to celebrate
· Logistics Begins Slow Recovery as China Eases Covid Controls
Service providers are operating far below capacity amid disruptions at thousands of delivery terminals and distribution centers across China
· China Eases Quarantine Rules, Lifts Travel Test Requirements in Covid Policy Overhaul
The nation’s top pandemic response body relaxed several control measures, the strongest sign yet that authorities are moving away from ‘zero-Covid’ and looking to co-exist with the virus
· Xi to Visit Saudi Arabia to Boost Relations in the Middle East
The president will attend the first China-Arab States Summit and a meeting of the China-Gulf Cooperation Council during the four-day trip
· China Approves Second Non-injectable Covid-19 Vaccine
Beijing Wantai Biological gets green light to join CanSino Biologics in offering non-injectable version of coronavirus inoculation
· Chinese Developers Rush to Sell Shares Under Policy Easing
So far 15 publicly traded real estate operations plan to raise funds to complete projects, replenish liquidity and repay debts
· Former Caixin Deputy Editor-in-Chief Zhang Jin Dies at 56
After a 30-year career in journalism, the beloved editor devoted his time to helping sufferers of depression
· China Road Freight Falls for Third Straight Week as Covid Curbs Linger
Conversely, international flights jumped 36.7% after the mechanism that suspended routes with infections was terminated
· Tech Insider: Foxconn’s Sales Fall, CATL Looks to Battery-Powered Ships
Shein to upgrade factories after labor abuse claims, EHang self-flying vehicles approach commercial takeoff
Click here to read more of the latest news.
This article was generated by Caixin Automation.
Follow the Chinese markets in real time with Caixin Global’s new stock database.
