Shanghai Composite Index Fell 0.09% on Thursday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.09% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 1.09%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.66% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.51%.

Below is a rundown of the top China business and finance stories, plus other news for the day:

· Hong Kong Cases Top 55,000, but Lam Rules Out Full Lockdown

Daily Covid case count surges 70%, and death toll since December hits 967 as authorities continue plans for three rounds of mass testing this month

· China Can Play Key Role in Ukraine, French Ambassador Says

Laurent Bili tells Caixin that Beijing’s unique relationship with Moscow and links to Europe put China in a unique position to help end the war

· Top Banking Regulator Warns Against a ‘Too Dramatic’ Real Estate Correction

CBIRC’s Guo Shuqing calls for a smooth transition to avoid hurting China’s economy after reversal of a bubble momentum in the property market

· China’s Tech, Media and Telecom Companies Flock to Domestic Markets

Facing headwinds for foreign share sales, the sector focused fundraising on the mainland in the 2021 second half and will probably continue doing so in 2022, consulting group finds

· Opinion: Cutting Russia Off From SWIFT Isn’t an Economic ‘Nuclear Bomb.’ Isolating It From the Global Economy Is

We need to consider the potential wide-ranging impact that the severe economic sanctions imposed by the U.S. and the EU will have on the global economy and geopolitical landscape

· In Depth: China’s Fintech Plan Part Two Puts Data, Risk Control in Driving Seat

Governance, real-world application of core technology, and strengthening regulation are also at the heart of the roadmap

· ‘Two Sessions’ Delegates Propose Scrapping Contentious Crime of ‘Picking Quarrels and Provoking Trouble’

The catch-all charge can easily be misused given its generalized meaning, a lawmaker and political advisor say

· Caixin New Economy Index Rises as Labor Inputs Grow

New information technology industry remained the largest contributor in February

· Ant Group’s Self-Inspection Almost Done, Banking Regulator Says

Trend of a real estate bubble has basically been reversed, CBIRC chief Guo Shuqing also says

· China Considers ‘China-Style’ Strategy to Coexist With Covid, Top Disease Experts Say

Policymakers will explore ways of reopening that ‘will be our own approach with our own characteristics,’ says member of National Health Commission’s expert group

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This article was generated by Caixin Automation.

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