China’s benchmark Shanghai Composite Index (000001.SH) gained 0.83% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 1.55%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 2.26% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.87%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China Sovereign Wealth Fund Targets Japan’s Lesser-Known Brands
CIC’s Japanese acquisitions are mainly of small and midsize unlisted companies that could increase their value by doing business in China
· China Opposes U.S. Decision to Revoke More Export Licenses to Huawei
Beijing accuses U.S. of violating WTO rules and practicing economic coercion by revoking licenses to export semiconductors
· China Moves to Rein in Battery Boom Amid Overcapacity Concerns
Draft rules for lithium battery sector raise standards for energy density, lifespan and other specifications and aim to foster healthy development
· Chinese Shipbuilding Giant Says Operation Not Affected by U.S. 301 Probe
State-owned shipbuilder CSSC received 353 ship orders in the first quarter and says U.S. tariffs would have a limited impact
· Asian Nations Can Direct Colossal Savings Into New Energy, Zhou Xiaochuan Says
An incentivizing mechanism should be established to direct these countries’ vast savings to benefit the global green transition, ex-PBOC governor says at a Boao Forum conference
· Xi, Macron Add Personal Touch to Chinese President’s Visit
The trip to France included sightseeing in the Pyrenees and comes as the two countries mark the 60th anniversary of diplomatic ties, with China’s leader lauding their ‘close and lasting comprehensive strategic partnership’
· Saudi Arabia Willing to Work With China on Green Energy Transition
Prince Abdulaziz bin Salman Al-Saud said climate change is a global problem that no country could avoid, and that addressing its challenges requires concerted efforts from all
· Retired ICBC Executive Expelled From Party for Bribery, Embezzlement
An Liyan, who once ran one of the bank’s Hong Kong-based subsidiaries, used company funds for personal expenses and accepted bribes from subordinates and clients, China’s anti-graft watchdog announces
· Meituan Tops Hong Kong Food Delivery Market After Just One Year
KeeTa overtakes Foodpanda to become the top food delivery provider in Hong Kong with more than 40% of the market
· Former Top Tobacco Regulator Arrested for Bribery, Power Abuse
Ling Chengxin is the highest-ranking tobacco official caught in the graft crackdown
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This article was generated by Caixin Automation.
