Shanghai Composite Index Rose 0.57% on Thursday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.57% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 0.49%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.07% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.15%.

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

· Panasonic, Daihatsu Halt Malaysian Plants After Severe Floods

Suspension of production comes as Peninsular Malaysia experiences its worst flooding on record, with tens of thousands of people displaced

· Energy Insider: China Expands Clean Power Generating Capacity

Carbon credits touch record high on rising volume; CATL launches largest lithium battery plant; Zijin Mining buys into logistics service provider

· Rural Teacher Out of Contact After Social Media Comments

Li Tiantian told friends local authorities forced her into a mental hospital after she voiced support for a college lecturer fired over controversial comments

· Northwest China’s Xi’an Locks Down Amid Virus Resurgence

City of 13 million people imposes travel controls, seals off high-risk areas and tests 10 million as Covid-19 flare-ups spread

· China’s Local Governments Roll Out Subsidies to Juice Sales in Struggling Property Sector

Northeastern province of Heilongjiang says it will “pull out all stops to restore the real estate industry” in a deleted post that signals grassroots desire for speedier action to fix the sector

· As Southeast Asia Covid Lockdowns Lift, Cost of Shipping From China Spikes to 10 Times Pre-Pandemic Rate

Demand booms amid easing pandemic restrictions, ports grow congested and freight companies run out of ships, driving up costs as much as 10-fold

· Russia, China Can Do More to Connect Investors to Each Other’s Financial Markets, Moscow Exchange Exec Says

Both sides can develop trading, clearing, depositary and custodian links, Igor Marich says

· Xi’an Kidney Disease Patients Cut Off From Dialysis Due to Covid Lockdowns

Almost 100 sufferers in the capital of China’s Northwest Shaanxi province are desperate for treatment as city battles growing delta outbreak

· Opinion: How Can Companies in China Respond to Extraterritorial U.S. Criminal Probes?

Your company should have a plan for what it should do if its asked to collaborate in an investigation

· LeTV Restores Employee Benefits After Sound Year-End Earnings

The streaming service provider had a financially sound 2021, according to an internal letter seen by Caixin

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This article was generated by Caixin Automation.

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