Shanghai Composite Index Rose 1.63% on Friday
China’s benchmark Shanghai Composite Index (000001.SH) gained 1.63% on Friday, while the Shenzhen Component Index (399001.SZ) rose 2.6%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 3.03% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 3.37%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
American president promises to outspend its rival on innovation and infrastructure to prevent it from overtaking the U.S.
NATO member state says it won’t invite Chinese companies to participate in a security assessment of potential bidders
China lists Covid-19 as the second highest deadly infectious disease after AIDS. ByteDance hires a Xiaomi executive as its CFO
Authorities seek to curb promotion of houses based on their proximity to desirable schools, which has led to soaring housing prices in districts like Haidian in Beijing
After successfully promoting electric vehicles, China now wants to ensure EV infrastructure is in place, and investors are taking notice
China Mobile joins China Telecom in considering return to mainland exchanges; company weighs possibility of spinning off a business unit for A-share listing
The spokesman’s comment came as Chinese internet users have been advocating boycotts against multiple foreign fashion brands, including H&M and Nike, for their statements on Xinjiang
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