China’s benchmark Shanghai Composite Index (000001.SH) lost 0.09% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 0.19%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.85% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.19%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Greater Bay Area Businesses Target ASEAN for Expansion
Survey finds that 60% of bay area companies are considering investing in the 10-member Southeast Asia trading bloc
· Update: Chinese Regulator Denies Reports of VIE Listing Ban
Media reports are ‘not true’ that CSRC will bar foreign share sales using controversial ownership structure, though Caixin learned authorities are working on new regulations
· Caixin Explains: What China’s First Securities Class-Action Lawsuit Means for the Stock Market
Kangmei Pharmaceutical, which is undergoing bankruptcy reorganization, was a test case for a new collective action system allowed under the amended Securities Law
· China Could Dodge $134 Trillion in Climate-Related Losses by Meeting Carbon Neutrality Target, Study Shows
Country could cut its projected losses by more than 80% by 2100, according to a joint study by think tanks in Beijing and London
· Photo Essay: Scientists and Villagers Struggle to Preserve a Holy Glacier
Blankets to help keep Dagu Glacier cold in the summer months might hold the key to slowing its decline
· Shanghai Covid Flare-Up Traced to Flight From Europe
After arriving from Warsaw, the Air China aircraft was moved to a domestic service between Beijing and the financial hub
· Beijing Beefs Up Labor Protections for Ride-Hailing Drivers
A new guideline urges companies to ensure reasonable pay and other benefits, piling more pressure on the likes of Didi
· AUKUS Jeopardizes ‘Post-War International Security Order,’ China’s U.N. Envoy Says
Wang Qun, China’s U.N. envoy in Vienna, told the partners in the nuclear-powered submarine deal they should abandon obsolete ‘Cold War’ mentality
· China’s 2021 GDP Growth Set to Surpass 6%, Says Vice Premier
Liu He tells Hamburg Summit the government has confidence in the outlook for 2022
· Opinion: Why China Is Unlikely to Fall Into the Middle-Income Trap
A hardworking and thrifty citizenry is behind China’s meteoric rise and none of the challenges the country is facing look insurmountable to the country’s leadership, the authors of a new book say
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