Shanghai Composite Index Fell 0.36% on Thursday
China’s benchmark Shanghai Composite Index (000001.SH) lost 0.36% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 0.65%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.86% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.27%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
Business confidence drops to four-month low in May amid concerns over the global economic recovery, decline in export orders
Dongfang Electric Heating wins $17.6 million supply bid; Chalco issues $62.7 million of carbon neutrality bonds; Yangtze Power invests in Shanghai Electric Power
National sports authority to conduct inspection of cross-country races, wingsuit flying and ultramarathons and press for improved standards and safety
Amid government pressure to defuse local authorities’ debt risks, financing vehicles repaid more bonds than they issued for the first time in almost 3 years
The move can ease fierce competition among lenders that previously helped push up lending rates and businesses’ borrowing costs
PBOC releases draft revision that would improve enforcement against terrorist financing and stipulate nonfinancial parties’ obligations in monitoring their clients for illegal activity
Closely-held Shein is valued among the world’s biggest tech startups and is challenging Western rivals like Zara with a wide product range sold at bargain-basement prices
China’s hundreds of millions of middle-class residents hold open-minded, worldly views and values, demand government accountability, and posses a strong desire to work with the United States
Unvaccinated residents might be banned from restuarants in subsequent Covid waves, while those who have had their jab might ride subway for free
Tightened restrictions to curb the spread in Guangdong grounds 63% of flights in province’s capital
Click here to read more of the latest news.
This article was generated by Caixin Automation.
Download our app to receive breaking news alerts and read the news on the go.
Follow the Chinese markets in real time with Caixin Global’s new stock database.
- MOST POPULAR