Shanghai Composite Index Rose 1.01% on Friday
Below is a rundown of the top China business and finance stories, plus other news for the day:
Central bank and banking regulator’s Guo Shuqing sends first signal that sector led by Alibaba, Tencent, Didi and Meituan may finally be off the hook
Disaster in heavily traveled area of Yellow Sea near Qingdao didn’t result in a crude spill as the vessel wasn’t loaded
Debt-laden conglomerate gets banks including ICBC, China Minsheng, Shanghai Pudong and HSBC to pony up funds for high-tech, advanced manufacturing and biomedical sectors
After China scaled back pandemic controls, a surge in severe infections left the hospitals and medical staff reeling
Shares of Zhou Hei Ya International fell 23% on Wednesday after news broke it was expecting its revenue and profit to sink this year
The Chinese currency has gained popularity among Russian companies as they trim dependence on the U.S. dollar amid Western sanctions due to the Ukraine war
The company plans to use the new funding to build a facility in Malaysia that produces hydro-treated vegetable oil
Draft plan proposes subsidies of up to $5,550 for parents with three children
Under the "zero-Covid" policy, companies were supposed to pay workers in full when they fell ill with the virus, but now that government guarantee is in doubt
BYD, SAIC-GM-Wuling and Tesla lead surge to 6.5 million shipments of electric and hybrid autos, accounting for 27.6% of industry
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