China’s benchmark Shanghai Composite Index (000001.SH) lost 0.26% on Friday, while the Shenzhen Component Index (399001.SZ) rose 0.25%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.23% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.51%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Deadly Philippines Kidnapping of Chinese Was ‘Meticulously Planned’
Friend describes how two medical executives were lured to Manilla, tortured and killed. Those responsible are still free
· EU Imposes Temporary Tariffs on Chinese EVs, Leaving Four Months for Talks to Resolve Issue
Provisional tariffs of up to 48% could become final by November if negotiations between China and the EU fail
· Modest Rise in Hong Kong Retail Rents But Sales Still Slow
Small increase in tourist numbers offset by so many Hong Kong residents travelling abroad
· HKU Business School Finds More Than 30 Students Forged Qualifications in Ongoing Probe
Review of master’s students found fraudulent materials were mainly used by Chinese applicants providing overseas academic credentials
· Energy Insider: Sales of New-Energy Trucks Surge, Beijing Proposes New Carbon Market Rules
China tops U.S. and EU in clean energy investment, hydrogen-fueled trackless tram nears operation
· ‘Vehicle-Road-Cloud Integration’ Pilot Program to Include 20 Cities
Plan includes establishing a system of roadside infrastructure to support rollout of autonomous driving
· Beijing Bolsters Backing for Overseas E-Commerce Warehouses
Latest effort includes dedicated industrial funds and tax incentives
· Weekly Must-Read: China’s Ultra-Long Bonds May Test PBOC’s Monetary Toolkit
Although the government is pacing the sale of its 1 trillion yuan of special debt, the central bank has instruments at its disposal to ward off any market shock
· In Depth: How China’s Revamped Voluntary Carbon Scheme Could Help Achieve Green Goals
Stricter guidelines and more policy support could buoy relaunched scheme, which was shelved in 2017 due to poor performance
· Xi Calls for Stronger ‘Strategic Coordination’ With Moscow
The Chinese president met his Russian counterpart Vladimir Putin on the sidelines of the Shanghai Cooperation Organization summit in Kazakhstan
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This article was generated by Caixin Automation.
