Shanghai Composite Index Rose 0.52% on Thursday
China’s benchmark Shanghai Composite Index (000001.SH) gained 0.52% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 0.46%.
Both Shanghai’s tech-heavy STAR 50 Index (000688.SH) and Shenzhen’s similar ChiNext Index (399006.SZ) ended nearly flat for the day.
Below is a rundown of the top China business and finance stories, plus other news for the day:
The devastating surge of Covid-19 infections is pushing India’s health care system and crematoriums to the brink of collapse, with hospitals suffering acute shortages of oxygen, as the country saw 360,960 new cases and 201,187 fatalities on Wednesday, according to the WHO
Antitrust crackdown on China’s internet giants means closer scrutiny of the kind of deal-making that turned Alibaba and Tencent into tech kingpins
The CBIRC’s two-year campaign came in the wake of a crop of corruption and embezzlement scandals
Chinese foreign ministry slams Japanese report that labels China as ‘strong security concern’
A debt restructuring could force investors to shoulder some of the burden, while an equity injection would bail out bondholders, but go against government efforts to make markets punish badly run firms
Shenzhen Component Index closed up 0.46%
President tells Congress that China must ‘play by the same rules’ as other major economies
Real estate giant would join other Chinese developers in spinning off its management unit, which is less vulnerable to government policy changes and economic cycles
Traders had been bracing for a seasonal increase in local government issuances that never came
Plan aimed at reducing reliance on imports by breeding animals that produce more meat and consume less grain
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