China’s benchmark Shanghai Composite Index (000001.SH) lost 0.42% on Friday, while the Shenzhen Component Index (399001.SZ) rose 0.12%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.52% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) ended nearly flat.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Weekly Must-Read: Chinese Exporters Turn Toward Emerging Markets
The developing countries of the Belt and Road initiative are replacing developed nations of the West
· Alibaba Kicks Off Overhaul With Spinoff and Share Sale Targets
E-commerce giant to spin off Cloud Intelligence Group through a stock dividend while exploring IPOs for the logistics and grocery arms
· Syngenta Moves $9.4 Billion IPO to Main Board in Shanghai
Swiss agricultural chemicals unit of state-owned ChemChina drops plan to sell shares on the Nasdaq-like STAR Market
· China Revises 2022 Economic Data Downward Including Real Estate
Adjusted figures provide a more favorable comparison for the shaky property sector as authorities cite distortions in originally reported figures
· China Deploys Former Everbright Chairman to New Financial Commission
Wang Jiang’s new role was revealed during the inauguration ceremony of another financial regulatory body Thursday
· Chinese Peace Envoy Meets Zelenskyy in Ukraine
Li Hui also spoke with other senior Ukrainian officials during a two-day visit to the war-torn country
· In Depth: Court Ruling Sets Off Debate About Bond Fraud Compensation
The decision offers more clarity to how judges are interpreting a set of 2022 supreme court provisions about lawsuits over ‘misrepresentation’ in the securities market
· China Inaugurates New National Financial Regulator
A ceremony to mark the occasion was hosted by the organization’s Communist Party chief Li Yunze on Thursday morning
· Chinese Domestic Air Travel Bounces Back to Pre-Pandemic Levels
April flights within China top the pre-pandemic level by 3.4%, though the recovery for international travel continues to lag behind
· Hengli Expands Revival of Dalian Shipyard With Samsung Order
Shipbuilding unit of private conglomerate Hengli Group will construct blocks for several containerships the South Korean company is building
Click here to read more of the latest news.
This article was generated by Caixin Automation.
Follow the Chinese markets in real time with Caixin Global’s new stock database.
