China’s benchmark Shanghai Composite Index (000001.SH) lost 1.42% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 1.65%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 2.12% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 2.1%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· In-Depth Analysis: China’s Private Sector Has Actually Gotten Bigger
Contrary to the widely held view of SOEs playing a bigger role in the economy, private companies occupy an increasingly significant share of the largest companies
· In Depth: Uncertainty and Anxiety in Chinese Private Equity
Freeze on IPOs — especially abroad — casts a chill over tech startup finance in China, despite recent signals of a government thaw
· Kaisa in Strategic Agreement With State-Owned Builder and Bad-Debt Manager
Defaulted property developer to cooperate with Merchants Shekou Industrial and Great Wall Asset Management in real estate, tourism and other businesses
· Eleven Cities Join China’s Digital Yuan Pilot Program
The PBOC says the trials have so far highlighted issues related to convenience, security and compliance
Zhang Jun, China’s U.N. ambassador, says the relevant circumstances and specific causes should be ‘verified and established’
· In Depth: China Turns to Credit Easing to Kick-Start Sluggish Economy
Credit demand has been declining while the rapid recovery from Covid-19 has begun to stutter
· BYD Stops Making Fossil-Fuel Powered Cars, Goes Fully Electric
The carmaker sold more electric cars than combustion-engine vehicles for the first time in 2021
· Shanghai Reports No Port Back-Ups Amid Covid Flare-Up
World’s busiest container port says it’s keeping up with fast turnarounds and short queues amid concerns over congestion
· U.S. Investigators Arrive in China to Help Probe Fatal Plane Crash
Seven-member team from National Transportation Safety Board gets to work right away without quarantine, following Olympic protocols
· China Clears Two More Homegrown mRNA Vaccines for Clinical Trials
CanSino and CSPC candidates for Covid vaccines join Walvax-led group testing advanced technology as government presses to expand its arsenal
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This article was generated by Caixin Automation.
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