Caixin
Jun 10, 2021 03:03 PM
FINANCE

Shanghai Composite Index Rose 0.54% on Thursday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.54% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 1.19%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.62% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 2.43%.

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

· China and U.S. Top Business Officials Talk Trade and Investment

Minister of Commerce Wang Wentao takes phone call with his American counterpart Gina Raimondo, with the two agreeing to promote pragmatic cooperation

· Energy Insider: Shanghai to Deploy More NEVs in Public Transportation; Shanxi Warns Local Mining Companies Over Financial Risks

Mining regulator urges stepped-up safety compliance after a series of disasters; Yunnan Copper to offload money-losing assets

· Juneyao Links Up With Trip.com While Eyeing HNA Assets

Collaboration may be part of Juneyao’s partnership to snap up airline assets from the massive HNA bankruptcy restructuring, sources say

· Eastern Air Logistics’ Shares Surge 44% in Shanghai Debut

Air freight unit of China Eastern Airlines raises $375 million after mixed-ownership restructuring significantly improves profits

· Chinese mRNA Vaccine Developer Raises a Record $200 Million

Fundraising by Stemirna Therapeutics shows that venture capital is continuing to bet on the novel technology to fight Covid-19 and future viral threats

· Shandong Airlines Seeks Emergency Loan as Pandemic Losses Bite

Carrier applies for more than $400 million in second financial lifeline as it struggles under growing red ink and crippling debt

· Asian Elephant Herd’s Epic China Trek Shines Light on Human Encroachment

The more than 500-kilometer saga across Yunnan province resumes as officials scramble for solutions to return them home

· Elderly Japanese Woman Mistakenly Vaccinated Twice, French President Slapped, 10-Year-Old Shot Dead in New York

The 10 international stories making the rounds on Chinese social media include the defrosting of 24,000-year-old microbes from Siberia, and reports of the first human case of hantavirus in the U.S.

· Woman Detained After Insulting Beijing Bus Rider, China’s Falling Infant Mortality Rate, and the Exam Bell Heard Around the Nation

Chinese social media remained entranced by the story of the Shanghai university lecturer arrested in connection to a colleague’s murder and the ongoing saga of the migrating elephants in Yunnan

· Grocery Apps Seek More Cash to Get Leg Up on Increasingly Cutthroat Competition

Backed by heavyweight investors, Dingdong Maicai and Missfresh file for U.S. listings

Click here to read more of the latest news.

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