Caixin
Nov 25, 2021 03:03 PM
FINANCE

Shanghai Composite Index Fell 0.24% on Thursday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.24% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 0.4%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.28% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.12%.

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

· China Starts Clinical Trials of mRNA Vaccines as Covid Booster Shots

Test of inoculations developed by Walvax Biotechnology and Suzhou Abogen will start Thursday in Guangxi and run until Dec. 31

· Xpeng May Launch Robotaxi Business Next Year

Electric-car startup seeks partners for new services as third-quarter sales beat expectations at $892 million

· Tencent Barred From Releasing New Apps Over Data Breaches

China’s most valuable tech company also can’t update existing apps without approval amid ongoing regulatory crackdown

· Another Everbright Executive Investigated for Graft

Head of Yantai branch the latest in a string of executives associated with the financial conglomerate to be probed for suspected corrupt practices

· Former Editor at State-Run Newspaper Gets 13 Years for Bribery

While at the People’s Daily, Ding Ting accepted 3 million yuan in return for publicizing the work of a local housing authority in South China and offered the same amount to a judicial official in a case, court says

· Skyrocketing Lithium Prices Unlikely to Stabilize Soon, Says Ganfeng Chairman

Demand will outpace supply unless electric-vehicle industry starts mass-producing alternative battery technologies, Li Liangbin says

· Alibaba, Baidu Ordered to Ramp Up Fraud Prevention

The country’s internet regulator said both companies had allowed users access to a large number of scam websites

· Top China Cosmetic Surgery Site Erases Share Gains After Buy-Out-Plan Bump

Nasdaq-listed So-Young International had climbed 12% the previous day on an offer by the CEO to take the firm private

· Former Chief of State-Owned Huishang Bank Booted From Communist Party After Graft Probe

The bank Dai Hedi chaired had dealings with the now bankrupt Baoshang Bank

· Gender Imbalance Deepens in Rural China

There were nearly 20 million more males than females in the country’s rural areas, according to the China Statistical Yearbook 2021

Click here to read more of the latest news.

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