Shanghai Composite Index Rose 0.47% on Friday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.47% on Friday, while the Shenzhen Component Index (399001.SZ) fell 0.11%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.85% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.33%.

Below is a rundown of the top China business and finance stories, plus other news for the day:

· Bain Sees Tough Year for China’s Private Equity Market

Concerns over slowing growth and increasing investment risk weigh on sentiment for pouring money into Chinese startups, consulting firm finds in survey

· Shanghai Port Tightens Container Truck Rules Amid Covid Surge

Closed-loop system aims to keep goods moving as international shippers report significant disruptions from city’s measures to control pandemic flare-up

· BeiGene Taps U.S. Auditor in Search for a Way to Dodge Delisting

Hiring Ernst & Young in the U.S. may help but won’t work without a bilateral Sino-American accord on audit documents

· In Depth: With China Stocks No Longer Paying a Premium, Private Investors Confront Need to Shift Strategies

After the rout over the past year, private equity and venture capital firms are looking for better ways to bet on overseas-traded Chinese equities

· Caixin Explains: Why China Needs an Overarching Financial Stability Law

Proposed legislation looks to bolster risk prevention, mitigation and disposal, and clarify who is responsible for what when crises emerge

· Exclusive: Forex Regulator Says Volatility in Foreign Securities Investment in China ‘Normal and Controllable’

Short-term fluctuations won’t reverse long-term trend of rising asset allocation by overseas investors, SAFE official says

· 13 Officials Punished After Investigation Into Case of ‘Caged Woman’

The investigation found that the trafficked Shaanxi province woman suffers from mental illness

· In Depth: Metaverse Trailblazers Hope to Make Real Money From Virtual People

As technologies behind ‘digital humans’ advance, startups are exploring how to capitalize on the concept

· 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

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This article was generated by Caixin Automation.

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