China’s benchmark Shanghai Composite Index (000001.SH) gained 0.94% on Friday, while the Shenzhen Component Index (399001.SZ) rose 0.86%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.07% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.34%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Ride-Hailing Giant Didi to Delist From New York Stock Exchange
The firm, which has been caught in a regulatory storm at home, said it would seek to list in Hong Kong
· China Clears the Way for Boeing 737 Max Flight Resumption
Aviation authority accepts American manufacturer’s proposed safety fixes without specifying when the jetliner can go back into service in China
· Razer Founder’s Group Offers $1.38 Billion Buyout
Tan Min-Liang and partners propose taking Hong Kong-traded, Singapore-based maker of gaming hardware private as share price languishes
· Energy Insider: Sinopec to Build World’s Biggest Green Hydrogen Plant
State-owned power giants ramp up clean energy investment; Audi’s China electric car plan reportedly delayed; Ganfeng makes first payment in Mali lithium project
· Caixin Explains: Why China’s Regulators Are Gunning for Popular Overseas IPO Structure
The variable interest entity arrangement, used by big-name tech firms to list abroad, is under threat as China tackles national security risks
· HIV Cases Rise Among Out-of-School Youth in China, Report Shows
Another research report shows that the proportion of new HIV cases made up of elderly men is also rising compared to a decade earlier
· Chinese Insurers Told to Submit Details of Property Investments Amid Probe Into Misuse of Funds
A number of companies, including Ping An Insurance, have exposure to real estate developers that defaulted on their debts
· Trending in China: Suspected Poisoning of Cat by Producers of Popular TV Drama Sparks Anger
Depiction of a live cat dying in a scene from popular series has netizens accusing producers of animal cruelty on suspicion it might have been actually killed for the sake of onscreen realism
· China OKs Second Pilot Trading Platform for Shares in Venture Capital Funds
Approval for the trial in Shanghai, which also includes private equity funds, comes a year after the first pilot was given the go-ahead in Beijing
· ‘Baijiu’ Giant Wuliangye Planning To Hike Prices of Its Top-Shelf Liquors
The new pricing, if confirmed, will match that of Kweichow Moutai’s signature Feitian Moutai
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This article was generated by Caixin Automation.
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