Sep 10, 2021 03:03 PM

Shanghai Composite Index Rose 0.27% on Friday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.27% on Friday, while the Shenzhen Component Index (399001.SZ) rose 0.5%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.76% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.31%.

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

· Central Bank Vows More Support for Hengqin and Qianhai Cooperation Zones

Deputy PBOC chief Pan Gongsheng outlines financial pilot projects bolstering the zones’ role in China’s Greater Bay Area project

· Graft Probe Brings Down Another China Development Bank Executive

He Xingxiang, a vice president and member of the bank’s Communist Party committee, was taken from his office Tuesday by graft busters

· Exclusive: Alibaba’s Philanthropic Head Talks ‘Common Prosperity’ Plans

Former Ant CEO Hu Xiaoming lays out how Alibaba will invest $15.5 billion over five years ‘on making a bigger pie’ for China

· China Set to Start Cross-Border Investment Trial in Greater Bay Area

Long-awaited test will commence shortly, and the Hong Kong-mainland bond connect program will expand, top foreign exchange regulator says

· In Depth: What’s Standing in the Way of ‘Common Prosperity’?

Academics debate how China’s wealth inequality can be addressed, from tinkering with markets to adjusting government redistribution

· China Has Nearly 18 Million Teachers, Gaming Industry Earns $23 Billion in Revenue, Taliban Announce New Afghan Government

Foreign Ministry calls China takeover of Kabul airport ‘fake news,’ and Guinea coup prompts security alert for Chinese nationals

· China Pledges $31 Million Aid to Afghanistan, Rallies Neighboring Countries’ Support

Foreign Minister Wang Yi says 3 million doses of Covid-19 vaccines also will be donated

· Sany Group’s Wind Power Unit Approved for Shanghai IPO

Sany Heavy Energy aims to raise $469 million to develop new technologies and upgrade facilities

· Realty Giant to Shutter Offices in Shenzhen After City Slaps Limits on Home Prices

Tencent-backed Lianja will close one-fifth of its outlets in the boomtown, which earlier this year imposed a price control mechanism on pre-owned residences

· China Railway’s Cargo Unit Surges 44% on Shenzhen Debut

Initial public offering raises $267 million for the freight business to invest in logistics and storage, cold chain transit and information platform

Click here to read more of the latest news.

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