China’s benchmark Shanghai Composite Index (000001.SH) lost 0.1% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 0.08%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.19% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.17%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China’s Credit Growth Slows on Weakening Corporate Demand
September financing of $450 billion missed analysts’ estimates amid spreading default risks and tightened control over real estate industry
· China’s Canton Fair Invites Domestic Buyers for First Time
As pandemic keeps traditional foreign customers trapped online, China’s biggest trade expo shifts gears to promote growth of consumption at home
· CapitaLand Buys Four Logistics Centers in China for $261 Million
Singapore real estate conglomerate jumps into China logistics in expansion of new-economy investment strategy
· Tutoring Shutdowns Leave Parents Holding the Bag
After-school training companies offered discounts to presell long-term courses that they now can’t provide, and customers can’t get refunds, Caixin finds
· Shenzhen Becomes First Chinese City to Sell Offshore Bonds to Foreign Investors
The offer of $774 million in yuan-denominated debt proves a hit with investors, who oversubscribed for the issuance by 2.48 times
· Talk of Incentives Doesn’t Entice Investors to Bid on Anbang Assets
An auction for the fallen insurer’s core holdings is stymied again after failing to attract even a single bidder
· Huayi Brothers Media Co-Founder to Sell Up to 43% of His Stake
Wang Zhonglei to cash out to the tune of $29 million to meet ‘personal financial needs’ as pandemic dents cinema revenues
· Sinopec to Sell Stake in Brokerage Owned by Fallen Private Equity Star
State-owned oil giant bought minority holding in 2017 as part of plan by Jiuding Group to bring in new investors
· Former Huawei Budget Brand Honor to Add Google Services to Its Smartphones
Company expected to launch at least one international version of its latest handset series in Europe this month
· Opinion: U.S.-China Geopolitical Contest Likely to Last a Decade or Two
Cooperation is still possible, and is desirable to meet common global challenges and improve the livelihoods of the people in both countries
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This article was generated by Caixin Automation.
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