China’s benchmark Shanghai Composite Index (000001.SH) lost 0.48% on Friday, while the Shenzhen Component Index (399001.SZ) fell 0.88%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.58% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.07%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Weekly Must-Read: Chinese Banks’ Cash Flow Plummets After Crackdown on High Deposit Rate
Regulatory demand that banks stop ignoring interest caps has caused flight of corporate savers
· Canada Considers Imposing Surtax on Chinese Batteries, Chips and Solar products
China condemns Canada’s surtax move as ‘irresponsible and harmful’ to global economy
· China’s Falling House Prices an Expected Adjustment as Economy Develops, Says Analyst
Decline in China’s property prices mirrors ‘catch up’ economies like South Korea, Japan and Brazil, says expert
· Huawei Opens Preorders for Second EV Made With Chery
The Luxeed R7 is available in three versions, with the two premium models equipped with the latest version of Huawei’s Advanced Driving System
Coal mine approvals jump, wind-turbine giant makes hydrogen gambit in Spain, solar giants’ profits in free fall
· Two Ex-Senior Officials Accused of Holding On to Classified Materials
A former Ministry of Public Security commissioner and an ex-vice chairman of the Heilongjiang provincial legislature have been expelled from the Communist Party
· Exclusive: IBM Chief Says Closing China Units Is ‘Done’ and ‘Not Reversible’
IBM to focus on strategic sites in the U.S. and India after pulling out of China
· Boost for Lithium Mining Stock as CATL Halts Yichun Production After Price Plunge
Steep fall in lithium price forces CATL to stop production at its giant concentrator
· PwC Reportedly Flying In U.K. Senior Partner to Lead Embattled China Affiliate
The accounting firm is likely to face heavy penalties for its auditing work for a major subsidiary of fallen real estate giant Evergrande
· Dozens Banned From Chinese Soccer in Wake of Gambling, Graft Crackdown
The authorities uncovered 120 fixed matches, 12 online gambling rings
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This article was generated by Caixin Automation.
