China’s benchmark Shanghai Composite Index (000001.SH) lost 0.68% on Friday, while the Shenzhen Component Index (399001.SZ) fell 0.63%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.21% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.85%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Weekly Must-Read: The Vision of Singapore’s Next Prime Minister
Lawrence Wong sees himself as a ‘servant leader,’ he says. ‘My role is not just to lead, but to serve my country and my fellow citizens’
· Beijing to Fully Reopen Border Between Mainland and Hong Kong, Macao
Covid test requirements and quotas will be scrapped starting Feb. 6 for travel to and from the two special administrative regions
· China’s January Auto Sales Plunge 45%
End of government subsidies in December and week-long Lunar New Year holiday drag on sales
· Zijin Completes $360 Million Suriname Gold Mine Purchase
State-backed gold and copper mining giant expands global reach with acquisition of one of South America’s largest gold reserves
· China’s January New-Home Prices Drop Again as Buyers Wait and See
Declines drag into a seventh straight month despite the end of pandemic restrictions and a series of measures to bolster the real estate market
· Five Things to Know About China’s Latest IPO System Overhaul
After testing the registration-based mechanism in China’s three smaller markets, regulators are now planning to roll it out to the two main boards
· China Completes Provincial Leadership Reshuffle Ahead of ‘Two Sessions’
The plenary sessions of provincial legislatures and political advisory bodies precede the event in March, when the president and premier are elected
· Police Say Student Missing for 100 Days Hanged Himself
An investigation found that 15-year-old Hu Xinyu died by suicide in a grain depot compound about a five-minute walk from his dormitory
· Caixin New Economy Index Slips for Second Straight Month
The NEI fell 1.4 points to 28.3 in January as labor, capital and tech inputs declined
· Opinion: To Capitalize on Reopening, China Needs to Rebuild Foreign Investor Confidence
International companies will need to be convinced the country presents not just growth potential but a predictable enough environment to invest in for the long term
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This article was generated by Caixin Automation.
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