China’s benchmark Shanghai Composite Index (000001.SH) lost 0.42% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 1.63%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.46% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.44%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Boeing’s Setbacks Open the Skies for China’s C919 to Take Off
Delivery delays could make Comac’s C919 an attractive alternative to Boeing, but the company still faces challenges
· Shrine of Lee Kuan Yew and Li Ka-shing’s Ancestors Damaged in Severe Storm
Family’s ancestral hall collapses due to heavy rainfall badly damaging cultural heritage site
· Fatal Flooding Leaves 13 Dead in South China
Scores more are missing in Guangdong, Fujian and Jiangxi provinces, where torrential rainfall beginning Sunday caused floods, landslides and power outages
· In Depth: Maternity Wards Are Latest Victim of China’s Falling Birthrate
Specialized institutions are cutting beds and diversifying services while some general hospitals in major cities are downsizing or shuttering the wards
· China’s Monetary Policy Will Stay ‘Accommodative’ Despite Deflated Data, PBOC Chief Says
Recent moves to regulate market behavior won’t detract from supportive stance to bolster economic recovery, Pan Gongsheng tells forum
· China’s Taxman Denies Launching Nationwide Campaign to Go After Back Taxes
Authorities say measures to collect arrears were routine after several firms reported being ordered to pay taxes owed from as far back as 30 years ago
· China, IMF to Open Shanghai Hub to Strengthen Asia-Pacific Cooperation
New center aims to deepen lender’s dialogue with stakeholders and promote research in areas of interest to emerging market and middle-income countries
· China’s Cross-Border Ecommerce Platforms Try to Lure More Sellers With Better Terms
Major players including Shein and AliExpress are appealing to merchants with a new service package that gives them greater autonomy over pricing
· Chinese Shipbuilder Cut Off From U.S. Financial System Over Russia Ties
Penglai Jutal has been placed on a blacklist for what Washington said was the company’s involvement in a Russian LNG project
· KPMG Cuts Hong Kong IPO Forecast by 40% Blaming Fed Rate Cuts Delay
Accounting firms now expect the Hong Kong bourse to see only 80 new listings this year raising about $768 million
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This article was generated by Caixin Automation.
