Apr 26, 2021 03:03 PM

Shanghai Composite Index Fell 0.95% on Monday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.95% on Monday, while the Shenzhen Component Index (399001.SZ) fell 0.89%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.23% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.84%.

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

· China Huarong Postpones 2020 Results Past April Deadline

State-owned bad-debt manager’s auditors need more time to finalize an unspecified transaction before it can publish the results

· Chinese Firms Are Listing in the U.S. at a Record Pace

Firms from the mainland and Hong Kong have raised $6.6 billion through initial public offerings in the U.S. this year

· Singapore-Hong Kong Air Travel Bubble to Begin May 26

Originally planned to start last November, it was deferred by both parties due to the worsening Covid-19 situation in Hong Kong

· Lesson for Jack Ma's Ant: Finance is Finance and Technology is Technology

While the fintech industry has been booming over the past few years, not everybody seems to know that it is really about using technology to complement finance, which remains the foundation.

· Wuhan Nusun Landscape Co.,Ltd.’s Net Profit Dropped 86.4% in 2020

Revenue declined 37.7% year-on-year

· Snowsky Salt Industry Group Co.,Ltd.’s Net Profit Dropped 4.3% in 2020

Revenue declined 4.7% year-on-year

· Zhongtai Securities Co.,Ltd.’s Net Profit Rose 12.5% in 2020

Revenue grew 6.6% year-on-year

· Hainan Poly Pharm.Co.,Ltd.’s Net Profit Rose 35.3% in 2020

Revenue grew 25.1% year-on-year

· Xiamen Hongxin Electron-Tech Co.,Ltd.’s Net Profit Dropped 46.9% in 2020

Revenue grew 7.2% year-on-year

· Vcanbio Cell&Gene Engineering Corp.,Ltd Posted 126.9 Million Yuan Net Loss in 2020

Revenue declined 4.9% year-on-year

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