China’s benchmark Shanghai Composite Index (000001.SH) gained 0.41% on Friday, while the Shenzhen Component Index (399001.SZ) rose 0.62%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.68% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.15%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Chinese Banks Assess Derivatives Risks After Nickel Turmoil
Tsingshan’s short squeeze gives CCB and other financial institutions the jitters over their potential exposure in such transactions
· In Depth: How a Graft Buster Got to Be President of South Korea
Conservative Yoon Suk-yeol, once called the ‘Korean version of Trump,’ faces a polarized society with a legislative minority and little experience
· Soho China Offers Properties at 30% Discount to Cover Debts
Real estate developer jacks up agents’ commissions to 4% from 1% as it races struggling competitors to dump assets and raise cash
· China Must Address Gender Imbalance to Tackle Demographic Crisis, Nobel Laureate Says
Economist Esther Duflo discusses Beijing’s options in dealing with its shrinking workforce and aging population
· Analysis: South Korea’s New President May Take Hardline Stance on China
Yoon Suk-yeol’s victory for the conservatives may alter country’s balancing act in relations with China and the U.S.
· Transport Companies Prepare to Hike Fees as Surging Fuel Prices Bite
Car drivers pay more at the pump and airlines reintroduce surcharges as multiple industries brace for the impact of costlier oil
· Caixin Explains: Why China’s Central Bank Is Handing Over 1 Trillion Yuan to Treasury
The transfer is a sign of greater coordination of fiscal and monetary policy
· Citigroup Appoints New China Chief Economist
Yu Xiangrong, who joined the U.S. financial giant in 2017, will head research on the Chinese economy and policy
· In Depth: China’s Pension Insurers Told to Stop Pursuing Quick and Risky Profits
Watchdogs worry the firms are neglecting the long-term role they’re meant to play in the country’s retirement system
· China Sends First Batch of Humanitarian Aid to Ukraine
The first shipment, dispatched Wednesday, will be delivered to the Ukrainian Red Cross, Chinese foreign ministry says
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This article was generated by Caixin Automation.
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