China’s benchmark Shanghai Composite Index (000001.SH) lost 1.0% on Friday, while the Shenzhen Component Index (399001.SZ) fell 0.64%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.99% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.28%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China Mobile Cleared for $8.6 Billion Shanghai Share Sale
State-owned mobile phone giant joins China Telecom and China Unicom on mainland A-shares market after Trump-forced delisting from U.S. market
· Exclusive: Chinese Regulators Tell City Commercial Banks to Cap WMPs
China’s $13 trillion asset-management industry nears a year-end deadline for complying with sweeping new rules for marketing of wealth management products
· Energy Insider: Solar Giant Longi Says U.S. Customs Detained Products
Global race to secure access to lithium heats up amid surging demand from electric-vehicle makers; coal supply increases and prices ease
· Southern Weekly Founder Zuo Fang Dies at 86
Influential newspaper grew to more than 1 million circulation following his dictum: ‘We must never utter falsehoods’
· Opinion: Entrepreneurs Can Be the Main Actors Fighting Climate Change
Vanke Foundation’s Wang Shi outlines how enterprises should play their role and pins his hopes on young people
· China’s Anti-Graft Agency Has Probed 36 Major PBOC-Linked Cases
Nearly two dozen disgraced officials and executives have been punished and had their cases transferred for further investigation
· China’s Top Graft-Buster Reveals Details of Loans-for-Bribes Schemes at ICBC
CCDI describes how two officials at Industrial and Commercial Bank of China skirted rules to illegally approve loans
· China Now Has Covid-19 Flare-Ups in 19 Regions
Since mid-October, authorities have tracked down more than 700 local infections as experts defend the ‘lower costs’ of strict controls
· World Economic Forum Postpones China Event Due to New Covid-19 Outbreaks
Annual Meeting of the New Champions 2021 had been scheduled to take place in the northern coastal city of Tianjin from Nov. 16
· Opinion: What a Republican Victory in a State Governor’s Race Means for China-U.S. Relations
The possibility of a policy shift back to the right in Washington will make Chinese leaders think twice before spending their political capital to meet the U.S. halfway
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This article was generated by Caixin Automation.
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