China’s benchmark Shanghai Composite Index (000001.SH) gained 1.17% on Friday, while the Shenzhen Component Index (399001.SZ) rose 2.15%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 2.58% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 3.34%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Tor Investment Raises $310 Million for Asia Private Credit Fund
The spillover from China’s property crisis is creating opportunities across Asia, with demand for financing emerging in data centers, logistics and renewables, co-founder says
· TikTok Vows to Fight On as New Law Threatens Ban Unless ByteDance Sells
Shou Zi Chew, TikTok’s chief executive, urges users to share their stories about how important the app is to their lives
· Workplace Flexibility on Rise as Singapore Pushes for Four-Day Week
Singapore lets workers ask for a four-day work or work-from-home days under new working guidelines
· Xiaomi Expects Annual Car Delivery to Reach 100,000
SU7, Xiaomi’s electric vehicle, secured more than 75,700 orders in the 28 days since its launch
· ICBC Qinghai Sets up People’s Armed Forces Department
Bank reserves take on new meaning with formation of a corporate militia to fulfill national defense obligations
· Court Rules a Person Has Rights Over Use of Their AI-Synthesized Voice
Companies fined for generating an AI version of actor’s voice without his knowledge as court establishes precedent
· BYD-Backed Horizon Robotics Unveils Next Generation Auto Chips
The Journey 6 series processors will go into mass production later this year, and carmakers including BYD, VW and Li Auto have signed up to use them, the company said
· PDD Loses Appeal in Unfair Competition Ruling Against Alibaba’s Logistics Arm
A Zhejiang court has ordered the e-commerce giant to compensate Alibaba’s logistics arm Cainiao Network 5 million yuan, bringing an end to a legal spat that began in 2022
· Shanghai Prime Office Vacancies Hit Near 20-Year High
The vacancy rate of grade-A office buildings in the city reached 20.9%, up 1.1 percentage points from the previous quarter, according to CBRE
· Hang Lung’s Outgoing Chairman Warns Hong Kong Against Overreliance on Real Estate
It's ‘relatively dangerous’ that the city has depended on property as an economic pillar for so long, Ronnie Chan says
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This article was generated by Caixin Automation.
