China’s benchmark Shanghai Composite Index (000001.SH) gained 0.6% on Friday, while the Shenzhen Component Index (399001.SZ) rose 0.51%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 3.28% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.93%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China’s Aviation Industry Picks Up Pace of Recovery
Domestic services rebound to 80% of pre-pandemic levels, but international flights and cargo volume lag behind
· U.S. Blacklists 12 Chinese Companies Over Alleged Russia Ties
Addition of 3HC Semiconductors, Allparts Trading, STK Electronics and others brings Chinese total on Entity List to 639
· China Steps Up Oversight of Private Funds as Risky Bond Investments Increase
The asset management industry watchdog sets new requirements on how much a private fund can invest in bonds, and how often it can be open for subscription and redemption, say sources
· Two New Senior Officials Named in Ongoing Cabinet Reshuffle
The promotions for Wang Zhenjiang in the justice ministry and Kang Xuping in the State Council’s Research Office come after the naming of Li Qiang last month as China’s new premier
· Brazil to Bolster Agricultural Cooperation With China, Minister Says
The South American president’s visit this week also aims to revitalize relations between the two nations and create more commercial opportunities
· Developer Sunac’s Stock Collapses as Trading Resumes After One-Year Suspension
Shares of the struggling former property highflyer fall 55% after it regained compliance with Hong Kong listing rules
· In Depth: Fugitive Billionaire Guo Wengui’s Web of Money-Siphoning Schemes
The Chinese businessman spun a sprawling tangle of multibillion-dollar projects to defraud thousands of investors, U.S. prosecutors say
· Opinion: Sustainable Framework Needed for China’s Property Market
The country’s real estate industry has been a crucial driver of economic growth in the past two decades. Here’re some proposals to ensure its stability
· First Human Death of Common Bird Flu Strain Reported in China
The 56-year-old Chinese woman is the third person known to have been infected with the H3N8 virus
· Lithium Price Freefall Wipes Out Gains Since November 2021
Spot price of EV battery-grade lithium carbonate drops below 200,000 yuan a ton with further declines likely
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This article was generated by Caixin Automation.
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