Shanghai Composite Index Rose 1.13% on Friday
Below is a rundown of the top China business and finance stories, plus other news for the day:
Central bank lending facility provides a second pillar supporting emission cuts along with cheap loans for carbon-reduction projects
Amid a domestic antitrust crackdown, top market regulator warns Chinese businesses of foreign jurisdictions’ penalties for crossing the line
E-commerce giant scales back revenue outlook by almost a third, citing the pandemic and China’s changing regulatory environment
Zhejiang property company’s stock loses 54% in Hong Kong amid jitters over Evergrande debt crisis, but board says it’s operating normally
The Ministry of Finance intends to transfer part of its holdings in the troubled bad-debt manager to Citic in the next few years, sources say
U.S. and China need to try to ‘compose their differences’ to a level in which co-existence becomes essential, the former diplomat says
E-commerce giant agrees to pay 40 million yuan for 10% of Shanghai-based Letzgo
Regulator has expressed satisfaction with the U.S. company’s proposed design changes for the model, which was grounded after two fatal crashes
Amid broader push to turn private tutoring firms into nonprofits, draft guidance sets benchmark prices for curriculum-based after-school classes
The immensely indebted Chinese real estate developer agrees to sell its 18% stake in HengTen Networks for $273 million
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