China’s benchmark Shanghai Composite Index (000001.SH) lost 0.09% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 0.37%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 2.69% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.2%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Evergrande’s Multibillion-Dollar Offshore Debt Restructuring Hits Another Barrier
American law firm moves to organize opponents of a plan that emerged last month from an ad hoc group of bondholders to cut returns and extend maturities
· China Pledges Support for Private Investment Projects to Issue REITs
Fundraising through publicly traded real estate investment trusts would enable private operations to carry out infrastructure projects
· Five Things to Know About How China Is Changing Its Rules for Bank Capital
The PBOC and CBIRC want to bring regulations in line with global standards, while maintaining enough flexibility to meet the needs of domestic lenders and borrowers
· New EU Carbon Measures Could Hinder Chinese Battery-Makers’ Expansion
A provisional EU policy to make batteries more sustainable and a proposed carbon tax might present fresh obstacles for Chinese companies in one of their largest overseas markets, experts say
· Death Toll From Beijing Hospital Fire Climbs to 29
Authorities have hauled in 12 people for questioning over Tuesday’s blaze, said to be the capital’s deadliest in recent years
· Update: Tesla Safety Faults Contributed to Worker Fatality in Shanghai, Investigation Finds
Electric vehicle giant should be punished in connection with a February death of a worker who was crushed at the plant, report says
· Photo Essay: World’s Largest Wholesale Market Bounces Back
Foreign trade at the Yiwu small commodities marketplace is experiencing a revival stemming from the abandonment of the ‘zero-Covid’ policy and rising global demand
· Everbright Trust Unit Staffers Come Under Investigation
Multiple workers taken away by authorities in expanding probe of shanty town renovation projects, Caixin learned
· Hospital Fire Kills 21 People in Beijing
Blaze starts around noon in eight-story inpatient wing of Changfeng Hospital in Fengtai District; cause under investigation
· China Private Equity Investment Plunges to Eight-Year Low
PE funding fell 53% to $62 billion in 2022 amid growing macroeconomic headwinds, Bain reports
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This article was generated by Caixin Automation.
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