China’s benchmark Shanghai Composite Index (000001.SH) lost 0.13% on Friday, while the Shenzhen Component Index (399001.SZ) fell 0.39%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.53% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.37%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Weekly Must-Read: China May Find Cure for Stagflation by Studying Japan’s Experience
As Japanese economy rises from slump, China’s woes look familiar
· Gemdale Offers Beijing Office Complex as Collateral to Get $980 Million Syndicated Loan
Debt-laden Chinese state-backed developer in talks with group led by China Merchants Bank to secure syndicated loan
· Ex-Party Boss of Air China Under Graft Probe
Former chief of China’s flag carrier is the latest aviation executive to come under investigation for alleged corruption
· Hong Kong Land Sales Plunge as Developers Remain Cautious
Economic slump is pushing down the price of Hong Kong land sales leaving city government with the threat of a record deficit
· Regulator Probes China Development Bank for Manipulating Prices in Bond Issuance
Self-regulatory body launches investigation into allegations of interest rate manipulation in bond issuance at The China Development Bank
· Mainlanders Find Workarounds to Get Their Kids Into Hong Kong Schools
Talent visas and post-graduate studies have become major routes for parents to get their children admitted into the city’s education system
· Star Power Triumphs After Fans Boycott Livestreaming Platform East Buy
A perceived slight to prominent influencer Dong Yuhui led the company’s stock to swoon and triggered a corporate shakeout
Energy regulator starts issuing Green Electricity Certificates, Sinopec opens first hydrogen center in the southwest, major peaking-shaving coal power plant begins operation
· China to Bolster Oversight of Booming Consumer Finance Sector
Proposed measures will overhaul rules from 2013 and aim to address financial risks and concerns regarding data collection and privacy, regulator says
· U.S. Chipmaker Qorvo Sells China Facilities in Supply Chain Revamp
Chinese iPhone producer Luxshare to buy U.S. chipmaker Qorvo’s assembly and test facilities in Beijing and Dezhou as part of America’s reshaping of its semiconductor industry
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This article was generated by Caixin Automation.
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