China’s benchmark Shanghai Composite Index (000001.SH) gained 1.15% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 1.27%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.18% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.99%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China Moves Closer to Clearing mRNA Vaccines as Covid Booster Shots
Walvax and Suzhou Abogen win approval to test the new technology as a booster for inactivated-virus vaccines that are widely used in China
· China’s October Mortgage Lending Jumps as Restrictions Ease
Following signals from authorities, banks reverse over-implementation of curbs on loans that contributed to crash of housing market
· Zhongjing Xinhua to Sell Huishang Bank Stake for $2.5 Billion
Shenzhen Amer International agrees to buy out a longtime major shareholder of the bank with Baoshang exposure
· Yuan Hits Five-Year High as Exports Surge
Chinese currency is likely to stay in near-record territory amid robust growth and a wide yield spread versus U.S. Treasuries
· Extreme Weather Poses Growing Health Risks in China, New Study Shows
Recent increases in the frequency and intensity of flooding threaten to undo the progress made in last two decades in reducing the damage from such disasters, researchers say
· Shenzhen Court Issues Landmark Ruling on Personal Bankruptcy
Approval of first individual insolvency case follows first bankruptcy reorganization ruling in July and brings national system a step closer
· Stainless Steel Giant’s Lithium Deal Shows How Everyone Is Getting Into New Energy
Tsingshan joins the cavalcade of companies expanding into production of a key raw material used in EV batteries
· Everything You Need to Know About China’s Decarbonization Drive
The country’s climate campaign is set to bring trillions of dollars of investment opportunities and aims to advance emissions-reduction technologies and low-carbon industries
· Chinese Social Media App Xiaohongshu Wins $18 Billion Valuation
New fundraising comes as rumors swirl around potential Hong Kong IPO after plans for U.S. listing were scrapped
· China’s Courts to Blacklist People Who Sue Under False Pretenses
Supreme Court says lawsuits with phony claims are most often filed in private lending, property, labor and divorce cases
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This article was generated by Caixin Automation.
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