China’s benchmark Shanghai Composite Index (000001.SH) gained 3.61% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 4.44%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 3.87% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 4.42%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China’s $1.56 billion Consumer Subsidies See Surge in Sales of Cars and Household Goods
Passenger car sales rise 10.8% in August as customers take advantage of trade-in subsidies
· TikTok Music Comes to The End of The Track in Strategy Shift
Music streaming service unplugged as TikTok seeks partnerships with online giants
· Briefing: Yuan Strengthens on Weaker Dollar, China Stimulus
Shares of U.S.-listed Chinese companies jump after Beijing released new measures to bolster the economy, China pays out nearly $1.6 billion in subsidies to drivers who trade in old vehicles
· Dialogue Between Hu Shuli and Heng Swee Keat on Tackling Global Challenges
Singapore’s deputy premier opened a three-day forum in the Southeast Asian country on Wednesday and sat down with Caixin Media Publisher Hu Shuli for a discussion about global challenges and Asian solutions
· Commentary: China’s Stimulus Package Exceeds Expectations, but What Comes Next?
China’s monetary easing measures went further than markets expected. Now investors want fiscal measures to match
· China Creates New State Giant to Turn Waste Into Resources
Waste not, want not will be mantra of China’s 98th state enterprise
· Briefing: Beijing Opposes Washington’s Proposed Smart Car Ban
U.S Energy Department earmarks $3 billion to support local battery manufacturing in challenge to China, Taipei woman suspected of luring two Chinese company executives to their deaths in the Philippines has been arrested
· Beijing, Tokyo Reaffirm Ties After Fatal Stabbing of Japanese Schoolboy
China does not ‘teach its people to hate Japan,’ foreign ministry says, as Tokyo urges Beijing to stamp out anti-Japanese social media posts
· Update: China’s Fresh Stimulus Targets Property and Stock Market Challenges
Economists say the new measures won’t be enough to reverse the economic slowdown, calling for strong fiscal action
· Analysis: What Is Driving Down China’s Crude Demand?
The popularity of new energy vehicles coupled with an economic slowdown means China’s demand for crude oil may have peaked
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This article was generated by Caixin Automation.
