China’s benchmark Shanghai Composite Index (000001.SH) lost 0.49% on Monday, while the Shenzhen Component Index (399001.SZ) rose 0.37%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 3.21% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.11%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China’s GDP Grows 4.8% in First Quarter, Exceeding Expectations
Latest figures suggest that reaching the country’s growth target this year will be challenging
· Cover Story: The Disrupted Lifelines of the Shanghai Outbreak
How the city’s Covid flare-up is throwing a wrench into the gears of China’s business engine as 25 million residents struggle to meet basic needs
· China Likely to Offer Further Aid to Logistics Sector, Vice Finance Minister Says
Liao Min says he expects more supportive policies to be announced to aid in recovery of the Covid-hit industry
· Weekly Must-Read: China Slashes Quarantines for Travelers in Covid Control Trial
International arrivals will face 10 days of isolation instead of 14 in four-week test involving Shanghai, Guangzhou and six other cities
· China’s Auto Industry May Grind to a Halt Amid Shanghai Lockdown
Business executives issue dire warnings as stringent Covid-control policies drag on and threaten production of cars, semiconductors and other goods
· Xi’an in Partial Lockdown to Fight Covid Flare-Up
Semiconductor manufacturing hub in northwestern China tells its 13 million people to stay home from Saturday to Tuesday
· Exclusive: ICBC Replaces Would-Be Head of Venture With Goldman
Yin Zhongjie takes over long-delayed wealth management project from Gu Jiangang, whose former subordinates were caught up in a probe
· In Depth: Suppliers and Buyers Suffer as Covid Curbs Stop Truckers in Their Tracks
As Covid restrictions stymie wholesale transportation, many drivers are running out of money and food, as they’re forced to wait out the latest wave on the highway
· Facing Uncertainty in U.S., Chinese Q&A Platform Zhihu Turns to Hong Kong
The company behind the Quora-like website raises $106 million in an additional primary listing as it faces the possibility of having to abandon its U.S. listing
· In Depth: China Flags Expansion of Red-Hot REITs to Boost Infrastructure Investment
Regulators will broaden a pilot program started in 2021 to let trusts raise more money for infrastructure projects and affordable rental housing
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