Shanghai Composite Index Fell 0.52% on Thursday
China’s benchmark Shanghai Composite Index (000001.SH) lost 0.52% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 0.42%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.75% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.49%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
Central bank injects 150 billion yuan into the financial system with its medium-term lending facility, slightly less than the loan amounts coming due over the next 10 days
China plans to make it easier for migrants to get hukou in cities. ByteDance stays silent on its Hong Kong IPO plan
Fast-growing budget shopping platform faces rising competition, regulatory scrutiny, and legal disputes, as it aims to sustain the rapid growth that investors love
In nationwide probe, public authorities freeze small exporters’ accounts on suspicion the exporters are colluding with criminal groups and underground banks in money-laundering and telecom fraud
Chinese tech giants promise to cooperate with regulators, step up compliance to avoid abusing their market power in areas like pricing and forced exclusivity, and to avoid illegal M&A
If the plans go ahead, it would be the first time that the region’s government workers are assigned to the mainland
The former senator will meet his counterpart Xie Zhenhua in Shanghai before an American-initiated virtual summit
NDRC announces move as part of 14th Five-Year Plan to grow urban populations and boost domestic consumption and productivity
Mounting concern about the financial health of the distressed-debt manager has fueled a record tumble in the company’s dollar bonds, stoking fears of contagion
Investigators haven’t disclosed whether there’s any connection between the three executives who worked at different banks
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