Caixin
Aug 04, 2022 03:03 PM
FINANCE

Shanghai Composite Index Rose 0.8% on Thursday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.8% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 0.69%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.96% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.45%.

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

· Air China Plans $2.2 Billion Share Placement to Expand Fleet

Funds from as many as 35 selected investors will go to buy 22 new planes and supplement operating capital

· Macao Resumes Quarantine-Free Travel With Zhuhai

Gambling hub eases Covid restrictions after recording no new cases for 11 days after revenue plummeted during July lockdown

· Chinese Housing Prices Slide Again in July

Average pre-owned units in 100 cities drop 0.09% in June, defying hundreds of government policy moves to prop up the collapsing real estate market

· China-Designed C919 Jet Completes Test Flights, Paving Way for Commercial Use

The jet’s manufacturer will next need to obtain certificates for airworthiness and production reliability, an aviation industry insider says

· Battery Giant CATL’s Co-Founder Resigns

Departure of Huang Shilin, who was vice chairman and deputy general manager, sparks management reshuffle

· Analysis: Hong Kong Covid Outbreak Stymied by Hybrid Immunity, Experts Say

High rates of vaccination and recovered cases are slowing the spread of highly contagious omicron subvariants

· In Depth: How Tourism Lifted One County out of Poverty — and Left It Vulnerable to Covid

Xijiang, which is heavily dependent on ethnic minority-themed tourism, has been struggling to survive the fallout of the pandemic

· Beijing Hits Taiwan With Penalties in Wake of Pelosi Visit

Mainland bars trade in certain food products and sand, targets organizations involved in ‘separatist activities’

· China Sets Live-Fire Military Drills as Pelosi Lands in Taiwan

U.S. speaker of the House makes visit in defiance of repeated threats and warnings from Beijing, raising tensions

· Hong Kong Clears Sinovac Covid Shot for 6-Month-Olds

Surge of severe and fatal cases among young children spurs authorities to make Hong Kong the first city in Asia to lower the vaccination age to 6 months

Click here to read more of the latest news.

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