China’s benchmark Shanghai Composite Index (000001.SH) gained 0.5% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 0.57%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.23% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.19%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China’s Premier Puts Greater Emphasis on Growth
Li Keqiang tells State Council China needs to strike a better balance between pandemic control and economic development as Covid measures weigh on GDP
· China Further Slashes Price of a Covid-19 Test to $2.40
Driving cost down from $18 two years ago, authorities move to ‘normalize’ large-scale testing in Chinese cities for pandemic control
· World Needs Clear Standards for Sustainability Ratings, Leaders Say
Following Musk’s ESG blast, businesspeople at Davos urge simple, commonly accepted metrics for evaluating companies
· ‘I Must Leave Shanghai’ — Tales of Train Station Frustration
Hongqiao railway station is a key transport hub in Shanghai. With the city easing lockdowns, residents had flocked to the station to proceed with travel plans that were hijacked by Covid restrictions
Yu Luming was placed under investigation by the Communist Party’s graft-buster a month ago
· In Depth: How China Took Another Step Forward on Genetically Modified Farming
Driven by food security and demand concerns, China is plowing ahead with GM crops after years of holding back
· Scandal-Dogged Luckin Coffee Turns First Ever Operating Profit
Chain earned $3 million net profit in first quarter, a turnaround from a $35 million loss a year earlier
· November Looms Large for U.S.-Listed Chinese Firms Facing Delisting
Nearly 200 firms could be booted from U.S. exchanges if accounting watchdog PCAOB cannot complete its audit investigations into them by that time, an SEC official says
· China Cranks Up Pressure on Banks to Boost Lending
Central bank and banking regulator call 24 top lenders on the carpet and issue orders to pour credit into small businesses, green projects, tech, energy and infrastructure
· China Aims to Beat Its Own Emission Targets, Envoy Says
Climate change ambassador Xie Zhenhua at World Economic Forum cites aggressive work on cutting greenhouse gases and plan to plant 70 billion trees in 10 years
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This article was generated by Caixin Automation.
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