China’s benchmark Shanghai Composite Index (000001.SH) gained 0.27% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 0.14%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.72% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) ended nearly flat.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Gemdale’s Board Reshuffle Gives Largest Shareholder More Control
FunDe takes three seats on 11-member board while promising to inject resources
· Canton Fair Sees Surge in Orders as Global Market Recovers from Pandemic
Optimism as export orders grow at Canton Fair but fierce price war means profit margins are being squeezed
· Troubled Developer Jinke Gets Nod for Bankruptcy Restructuring
Chongqing property giant is first to be given court clearance to start bankruptcy reorganization
· China’s Sovereign Fund Poured $45 Billion into Stock Market in First Quarter
Rise in loans from non-banking financial institutions suggest they are linked to market stabilization measures, say analysts
· In Depth: Regulatory Titan Laura Cha Takes Final Bow
The 74-year-old’s career included stints at Hong Kong and Chinese mainland securities regulators and was packed with changes and challenges
· HKEX Appoints Former Regulator Carlson Tong as New Chairman
Veteran accountant with deep ties to HKEX to succeed Laura Cha who steps down after six years
· Sino-EU Ties Could Be Strengthened by Food Trade, Europe’s Agriculture Chief Says
Food should be “excluded” from the two sides’ ongoing trade tensions, European Commissioner for Agriculture Janusz Wojciechowski tells Caixin
· Hong Kong’s Eateries Swallow Ban on Disposable Plastics
New rules prohibit restaurants from selling or providing nine types of tableware made of single-use plastic, including knives, forks and straws
· China Begins to Limit Use of Facial Recognition for Hotel Check-In Amid Privacy Concerns
Hotels in Beijing, Shanghai, Shenzhen and Hangzhou ordered to stop using the biometric identity verification method for check-in
· LVMH Remains Committed to China Even Amid Sluggish Sales
The owner of luxury brands including Louis Vuitton is making ‘a sizable investment’ in the Asia market, including Tiffany store revamps and its DFS Yalong Bay project in Sanya
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This article was generated by Caixin Automation.
