Shanghai Composite Index Fell 0.1% on Thursday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.1% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 0.1%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.14% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.81%.

Below is a rundown of the top China business and finance stories, plus other news for the day:

· Blinken Says U.S. Won’t Force ‘Us-or-Them’ Choice With China

Top American diplomat said that the U.S. and its allies need to come together to develop technologies when the benefits of trading with China must be weighed against the risks

· $60 Billion U.S. Stimulus Windfall Is Heading China’s Way

Americans flush with $1,400 checks from the government promises to be a boon for Chinese exporters

· SEC Starts Implementing Law That Risks Chinese Stock Delistings

Watchdog said it’s taking initial steps to force accounting firms to let U.S. regulators review the financial audits of overseas companies

· China Tech Giants Dive as U.S. Delisting Threat Joins Domestic Crackdown Fears

Some stocks fell more than 20% on concerns of action both by Washington and Beijing

· North Korea Fires First Ballistic Missiles in About a Year

Kim is testing how Biden will react, part of a longstanding playbook of feeling out new U.S. presidents in an effort to put North Korea’s interests on the agenda

· CX Daily: China Telecom Comes Home With Mainland Listing

China issues its annual U.S. human rights report. Shanghai will provide Covid-19 vaccinations to foreign residents

· China Lists Covid-19 Behind Only AIDS as Second Deadly Category B Infectious Disease In 2020

China reported 87,071 Covid-19 cases, 4,634 deaths in 2020; protection measures cut flu infections by one third in 2020 from 2019

· ByteDance Hires Xiaomi Executive Shou Zi Chew as CFO, Fuels IPO Speculation

Chew led Xiaomi public offering; heads to ByteDance post in Singapore as the short-video app leader seeks new growth drivers

· Haitong Securities Hit by Business Ban for Yongcheng Coal Default

CSRC suspends Haitong Securities‘ bond investment advisory business for lax compliance and risk control

· Trade Disruption Fears Mount as Giant Ship Blocks Suez Canal

Little progress so far as rescue crews struggle to free heavily-loaded container ship; observers fear big potential impact on global trade

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