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Shanghai Composite Index Rose 0.54% on Friday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.54% on Friday, while the Shenzhen Component Index (399001.SZ) rose 0.6%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.47% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.06%.

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

· Weekly Must-Read: Why China’s Efforts to Resolve Hidden Government Debt Could Fall Short

At worst, measures could further inflame the problem, promoting more off-the-books borrowing and increasing risks to economic and financial stability in the world’s second-largest economy

· Nio Teams up with CATL to Develop Longer-Life Batteries

Battery life is one of the most important problems that the NEV industry must work together to solve, says Nio founder

· Former Deputy Mayor of Shenzhen Under Graft Probe

Huang Min, who was dismissed in November, oversaw the Qianhai cooperation zone since 2020

· Exclusive: ByteDance Revives Gaming Ambitions Amid Fears of U.S. TikTok Ban

Personnel shake up at Nuverse as ByteDance decides to re-enter video gaming business

· Hangzhou Lifts All Restrictions on Purchase of Pre-owned Homes

Proof of household registration no longer required for second-hand home buyers in move to revitalize property sector

· China Expands Choice of Hong Kong, Macao Investment Products for Mainlanders

The upgraded cross-border wealth management connect program now includes higher-risk fund products

· Chinese Electronics Duo Nosedive After Graft Busters Detain Chairman

Shares of Guoguang Electric and Chengdu Screen Micro Electronics plunged 16% and 12%, respectively, after Zhang Ya was taken away by investigators

· China’s Top Consumer Rights Group Calls for Action Against Theft of Pre-Payments

Disputes over refunds for prepaid products and services that haven’t materialized as promised have risen in recent years, notably involving cash-strapped fitness centers, hair salons and tutoring service providers

· Energy Insider: Jiangsu Spearheads Smart EV Charging Zones, Coal Group Predicts ‘Imminent’ Consumption Peak

Climate envoy views carbon neutrality as a long game, CNOOC discovers giant deep-water oil field, Shanghai port ready for methanol-refueling services

· Death Toll of North China Restaurant Blast Rises to Seven

The explosion in Hebei province had injured 27 as of early Thursday, with no one in a critical condition

Click here to read more of the latest news.

This article was generated by Caixin Automation.

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