China’s benchmark Shanghai Composite Index (000001.SH) lost 0.16% on Friday, while the Shenzhen Component Index (399001.SZ) fell 0.64%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.46% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.91%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China Relaxes Visa Rules for Foreign Travelers
Revised rules make it easier for foreigners to come to China, a move it is hoped will increase visitor numbers and boost the economy
· Top Securities Regulator Voices Supports to Companies’ Overseas Listing
Some 86 Chinese companies have completed regulatory registration to sell shares in either Hong Kong or the U.S., including some with a variable interest entity structure
· Former China Development Bank VP Wang Yongsheng Arrested for Bribery
Wang received money and gifts from private businesses in exchange for help in easing finance and bond subscriptions, corruption watchdog says
· In Depth: China’s Ambitious Clean Energy Development Raises Questions on Efficiency
New power plants should be built nearer to where the electricity is most needed and the market should determine its price, say experts
· Citadel Securities Bids for Credit Suisse’s China Venture
UBS’sale will face delay as Credit Suisse’s joint-venture buyout is still awaiting approval by Chinese regulators
Construction to begin on high-altitude hydropower plant, Dalian delivers mega LNG fuel tank, Hainan fast-tracks hydrogen development
· China Province Reveals Head of New Public Complaints Department
Inner Mongolia has named Wu Zhiqiang as chief of its Social Work Department, which is tasked with overseeing the handling of feedback from the public
· China’s Economy Expands at 5.3% in 2023, Caixin Survey Shows
Chinese economy is showing signs of stabilizing after its bumpy ride following the lifting of Covid restrictions and a property slump, say economists
· Hong Kong Prepares to Launch First Spot Crypto ETFs in Asia
Ten fund management companies eager to start trading ETFs but regulation uncertainties mean launch could take three to six months, says industry insider
· Disgraced Former China Soccer Coach Admits Match Fixing, Bribery
Li Tie, former head coach of the national men’s soccer team, made the admission in a documentary series co-produced by state broadcaster CCTV that detailed ‘all-round’ corruption in the sport
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This article was generated by Caixin Automation.
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