Shanghai Composite Index Rose 1.42% on Friday
Below is a rundown of the top China business and finance stories, plus other news for the day:
Government-seized affiliate of Tomorrow Holding may be asking too much as its balance sheet shows red ink, analysts say
Jack Ma’s fintech giant denies plan to resume share sale after CSRC says it isn’t laying the groundwork for one
Policies to stabilize the market are proving hard to enforce and geopolitics is causing new problems
Xu Lin takes over as head of the National Radio and Television Administration and Fu Hua gets appointed president of the state-run Xinhua News Agency
Since late May, downpours have triggered flooding and landslides, forcing tens of thousands to flee their homes
The state-owned goliath’s output grew 4.35% last year even as the country produced less steel overall, industry data show
The Chinese e-commerce giant was among the top gainers, with its shares advancing 15% to their highest price since early February
The digital yuan will play a key role in reducing dollar dependence and give countries another payment option for trade
Following $400 billion Terra debacle, USDC cryptocurrency’s Jeremy Allaire calls for legislation backing digital assets pegged to official currencies
China’s fourth-largest developer, mired in a cash crunch, is negotiating with creditors on delaying repayment by two years
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