Shanghai Composite Index Fell 0.58% on Friday


China’s benchmark Shanghai Composite Index (000001.SH) misplaced 0.58% on Friday, whereas the Shenzhen Element Index (399001.SZ) fell 0.81%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) misplaced 1.1% for the day, whereas Shenzhen’s comparable ChiNext Index (399006.SZ) fell 0.97%.

Beneath is a rundown of the highest China enterprise and finance tales, plus different information for the day:

· Vitality Insider: State Council Calls Out Commodity Value Rise Twice in a Week

China points new guidelines for carbon buying and selling; Dalian Commodity Change revises iron ore futures contract; China approves 4 new nuclear energy vegetation

· JD.com First-quarter Income Grew 39%, Beating Estimates

Earnings greater than triple amid rebound from pandemic and enlargement of provide chain-based know-how and providers operations

· Evaluation: Does China Plan an Even More durable Crypto Crackdown?

Assertion issued Tuesday by 3 monetary trade organizations factors out authorized and funding dangers of cryptocurrencies, including to strain on costs

· Pressured Promote-Offs of Pledged Cryptocurrencies Turbocharge Value Plunge

Dropping costs can result in automated mass compelled gross sales of cryptocurrencies pledged as collateral on decentralized finance platforms

· Hong Kong Turns to International-Skilled Docs to Relieve Public Well being Scarcity

Certified candidates must be everlasting residents of the town however received’t should move a licensing examination below proposed laws

· Merger Doubts Persist as Tencent-Backed Livestreamers Submit Diverging Quarterly Outcomes

Huya data an 8.4% improve in revenue on development in customers, whereas rival Douyu sinks into loss as customers spend much less on digital objects

· One-Off Funding Good points Drive Up Tencent’s First-Quarter Revenue

China’s most respected web firm notches 65% earnings bounce as income rises 25% within the three months by means of March

· Biden Says U.S. Will Win Race for Electrical Automobile Supremacy

U.S. president’s Covid restoration package deal consists of billions for funding to ‘win’ the new-energy automobile sector

· Replace: Founding father of Property Companies Large KE Holdings Dies

Zuo Hui’s Lianjia brokerage chain pioneered the opening of China’s actual property sector and led to creation of the Beike on-line brokerage platform

· Wang Shuo: Any Repair to China’s Pension Woes Can’t Be a Perpetual Movement Machine

The one solution to alleviate the pension system’s challenges is to make incremental positive aspects by means of funding and benefit from exterior sources

Click on right here to learn extra of the newest information.

This text was generated by Caixin Automation.

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