China’s benchmark Shanghai Composite Index (000001.SH) gained 0.75% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 0.58%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.07% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.74%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Exclusive: Private Equity Tycoon Unseen for Two Weeks
Chinaequity’s Wang Chaoyong disappears as Beijing police sought him amid company turmoil and regulatory probes
· BeiGene’s Shares Plunge 16.4% on STAR Market Debut
Chinese cancer-drug developer records weak first day amid lackluster performances of other biotech companies in Shanghai and Hong Kong
· State Steelmaker in Henan Seeks Private Investors
Anyang Iron & Steel pursues plan to sell 80% of its equity to private investors and employees in a mixed-ownership restructuring
· Mixed Economic Picture Suggests Need for More Stimulus, Economists Say
Data shows economy slowing this month and into 2022 under weight of property market and Covid control policies amid more outbreaks
· China’s Private Education Crackdown Hits Two International Schools
Bay Academy, jointly managed by a U.S. nonprofit, and a branch of the U.K.’s Harrow fail to obtain approval to offer K-9 classes in the southern city of Shenzhen
· China’s Top Economic Planner Sets Out Main Tasks for 2022
NDRC’s to-do list includes ensuring stability, boosting food and energy security, and improving industrial supply chains
· Carmaker Xpeng Deletes 430,000 Photos for Misuse of Facial Recognition
The EV-maker was fined by Shanghai for its indiscriminate use of the technology in its showrooms
· In Depth: Warrant Issued for Ex-Jiangxi Party Leader Linked to Alleged Crypto Crimes
Xiao Yi made a name for himself promoting the city’s digital economy, but some megaprojects allegedly served as fronts for cryptocurrency mining
· Photo Essay: The Battle to Save the World’s Biggest Stone Buddha
Cracks and discoloration from water damage and plant life are threatening the Leshan Giant Buddha in Southwest China’s Sichuan province
· In Depth: Ride-Hailing Industry Contends With Tightening Regulations Amid Didi Fallout
China’s long-running cybersecurity review and other regulatory issues are hobbling the ride-sharing giant’s business
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This article was generated by Caixin Automation.
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