Shanghai Composite Index Fell 0.07% on Thursday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.07% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 0.81%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.53% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.63%.

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

· Moody's Downgrades Evergrande Despite Debt Relief Progress

One-notch credit rating cut to B2 reflects weakened funding access and reduced liquidity buffer with big debts coming due, Moody’s says

· Energy Insider: Shanxi Regulator Warns of Risks in Power Transactions; Datang Clean Energy Unit Names New Chief

State Power Investment ties up with Sungrow on new energy; China Shenhua’s carbon capture unit works in trial run; Envision Group to build battery plant in France

· Christie's Names Media Veteran to Head China Operation

Rebecca Yang Yuancao to be chairwoman for China, auction house’s top source of revenue with ‘tremendous’ growth expected

· Chinese Offshore Drilling Rig Giant Gets $129 Million SOE Cash Injection

Amid a global marine engineering restructuring, China International Marine Containers forms joint venture with Yantai Guofeng Investment Holdings

· China Tightens Oversight of Local Government Borrowing

Permission to issue special purpose bonds will be linked to performance targets as projects the bonds fund are supposed to pay for themselves, Finance Ministry says

· Ancient Skull Discovered in China Represents New Human Species, Scientists Say

The discovery of 146,000-year-old ‘Dragon Man’ sheds new light on human evolution

· China Certified Malaria-Free, Huawei’s New Way to Unlock Devices, Stolen Picasso Recovered

Chinese social media users have been paying close attention to China’s Covid-19 vaccination drive passing 1.2 billion doses and the questions raised over Nongfu Spring products

· Hong Kong Team Touts 96% Accurate Blood Test for Alzheimer’s

System can also differentiate among early and late stages of the disease, and monitor its progression over time, researchers say

· Four Million Chinese Officials Punished for Graft Since 2012, Watchdog Says

Government releases data on Xi Jinping’s ‘tigers and flies’ corruption dragnet to coincide with ruling party’s 100th anniversary celebrations

· Exclusive: Tencent Eyes Controlling Stake in Sino-Japanese Insurer

A 70% interest in Great Wall Changsheng Life Insurance has been put up for sale for about $600 million

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