Caixin
Apr 02, 2021 03:03 PM
FINANCE

Shanghai Composite Index Rose 0.52% on Friday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.52% on Friday, while the Shenzhen Component Index (399001.SZ) rose 1.02%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 2.62% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.31%.

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

· Competition in China’s Power Bank Market Heats up as Jiedian and Soudian Announce Merger Plans

· CX Daily: China’s Carbon-Reduction Plans Turn Up the Heat on Steel Capital

Arm says its latest chip architecture could be licensed to Huawei. China and U.S. exchange orbit data on each other’s Mars probes

· Chongqing Vice Mayor Steps Down to Rejoin Central Bank

Li Bo will become a deputy governor of the PBOC, Caixin learned, after more than two years helping to lead Southwest China city

· Renminbi Takes on More Prominent Role in Asian Financial Safety Net

Significant revisions to the $240 billion emergency fund taking effect this week lower reliance on U.S. dollar and increase limits on countries’ borrowings

· PBOC Drafts More Financial Tools to Support Carbon Neutrality Goal

Central bank Deputy Governor Liu Guiping outlines wide-ranging campaign encouraging climate change-fighting transition

· Huarong Asset Management Shares Suspended in Hong Kong Trading

Troubled state-owned bad debt manager misses March 31 deadline for reporting 2020 results, saying auditors need more time to sort out certain transactions

· Tencent-Backed Online Publisher Doubles Down in North America

· Hong Kong to Resume BioNTech Shots Monday After Defect Scare

Loose vial caps and stains on bottles don’t pose a safety risk, authorities decide, but 12-day halt further sets the back city’s vaccination campaign

· GLP Picks Ex-Blackstone Director to Help Oversee Logistics and Real Estate in China

Tim Wang joins the global giant as co-president of its logistics and industrial real estate business in China

· PipeChina Completes Gas Pipeline Network With Kunlun Energy Acquisitions

Infrastructure giant’s consolidation strategy adds Beijing natural gas pipeline and Dalian LNG company

Click here to read more of the latest news.

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