Shanghai Composite Index Fell 0.27% on Thursday
Below is a rundown of the top China business and finance stories, plus other news for the day:
New unit of China Mineral Resources Group to develop facilities for iron ore reserves and trading in Zhoushan free trade zone
Central Asia trading demand for yuan surges following Western sanctions on Russia over Ukraine invasion
Southeast Asia unit of Tencent-backed Sea Ltd. ramps up belt-tightening following a rapid global expansion as it aims to cut flow of red ink
Pilot is part of a three-track strategy to give the city its own digital currency for everyday use by the general population
More than 1.2 billion Chinese residents have been fully vaccinated, and 820 million have received booster shots
The gains followed the scaling back of a sectorwide price war and improvements in the order fulfillment process, one analyst says
Gong Daoan stood accused of accepting more than $10 million in bribes between 1999 and 2020
The first case found on the Chinese mainland has been traced back to Germany
Lü Yi built a massive business network on billions of yuan in fraudulent loans and turned rural banks into personal ATMs. Then he vanished
Vessels will cost $2.9 billion and be built by an affiliated shipyard as the state-owned giant expands its fleet amid heavy supply chain demand
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