Caixin
Oct 14, 2021 03:03 PM
FINANCE

Shanghai Composite Index Fell 0.1% on Thursday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.1% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 0.08%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.19% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.17%.

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

· China’s Credit Growth Slows on Weakening Corporate Demand

September financing of $450 billion missed analysts’ estimates amid spreading default risks and tightened control over real estate industry

· China’s Canton Fair Invites Domestic Buyers for First Time

As pandemic keeps traditional foreign customers trapped online, China’s biggest trade expo shifts gears to promote growth of consumption at home

· CapitaLand Buys Four Logistics Centers in China for $261 Million

Singapore real estate conglomerate jumps into China logistics in expansion of new-economy investment strategy

· Tutoring Shutdowns Leave Parents Holding the Bag

After-school training companies offered discounts to presell long-term courses that they now can’t provide, and customers can’t get refunds, Caixin finds

· Shenzhen Becomes First Chinese City to Sell Offshore Bonds to Foreign Investors

The offer of $774 million in yuan-denominated debt proves a hit with investors, who oversubscribed for the issuance by 2.48 times

· Talk of Incentives Doesn’t Entice Investors to Bid on Anbang Assets

An auction for the fallen insurer’s core holdings is stymied again after failing to attract even a single bidder

· Huayi Brothers Media Co-Founder to Sell Up to 43% of His Stake

Wang Zhonglei to cash out to the tune of $29 million to meet ‘personal financial needs’ as pandemic dents cinema revenues

· Sinopec to Sell Stake in Brokerage Owned by Fallen Private Equity Star

State-owned oil giant bought minority holding in 2017 as part of plan by Jiuding Group to bring in new investors

· Former Huawei Budget Brand Honor to Add Google Services to Its Smartphones

Company expected to launch at least one international version of its latest handset series in Europe this month

· Opinion: U.S.-China Geopolitical Contest Likely to Last a Decade or Two

Cooperation is still possible, and is desirable to meet common global challenges and improve the livelihoods of the people in both countries

Click here to read more of the latest news.

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