China’s benchmark Shanghai Composite Index (000001.SH) gained 0.63% on Friday, while the Shenzhen Component Index (399001.SZ) rose 1.21%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 2.13% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 2.58%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Energy Insider: China’s Carbon Market Prices Expected to Rise
Solar power installation to expand by 75–90 gigawatts; China may jack up iron-ore storage costs to fight hoarding; coal pricing under scrutiny
· Driverless Truck Startup TuSimple Settles U.S. Security Probe
Two board members linked to major backer Sina will exit the board when their terms expire as the company agrees to data restrictions
· U.S. Ends Trump-Era China-Focused Spy Program
New chief of Justice Department’s National Security Division outlines a ‘threat-driven’ strategy focusing on China, Russia, Iran and North Korea
· China Rejects U.S. Suggestion It Was ‘Complicit’ in Ukraine Conflict
Foreign Ministry blasts State Department comments that China should have used its ‘considerable influence’ over Russia to defuse crisis
· Exclusive: China’s Banks Told to Stop Taking Liberties With ‘Agreement Deposits’
Some lenders have offered the product to customers who don’t qualify under the rules, such as banks’ wealth management subsidiaries, source says
· China Faces New Wave of Local Covid Outbreaks
Ten provincial-level regions across the Chinese mainland confirmed 85 cases of Covid-19 on Wednesday, with hotspots including the capital Beijing and the initial Chinese epicenter of Wuhan
· Oil Prices Surge Amid Russian Assault on Ukraine
The conflict has sparked concerns over disruptions to the supply of Russian oil and natural gas, which Europe depends on
· China’s Annual Rural Policy Roadmap Urges Better Protection for Women and Children
The No. 1 document also emphasizes food security, preventing reemergence of poverty
· Update: Shackled Mother Had Been Sold at Least Three Times, Probe Finds
Investigation into the high-profile case identified the woman as a 44-year-old abducted from Southwest China in 1998
· China’s State Grid Sells AusNet Stake for $1.3 Billion
Investment more than doubles over nine years under the power giant’s overseas electricity transmission and generation market strategy
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This article was generated by Caixin Automation.
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