China’s benchmark Shanghai Composite Index (000001.SH) lost 0.66% on Friday, while the Shenzhen Component Index (399001.SZ) fell 0.97%.
Shanghai’s technology-intensive STAR 50 index (000688.SH) lost 1.53% for the day, while Shenzhen’s similar ChiNext index (399006.SZ) fell 0.67%.
Below is an overview of the main business and financial stories in China, as well as other news of the day:
Few Chinese developers qualify for new bond guarantee program, industry sources say
Although the pilot project may provide a short-term lifeline for some, it is unclear how many private real estate companies have the required guarantees
Fifth official linked to former deputy security minister found guilty of corruption
Former Jiangsu Vice Governor Wang Like, who took more than $64 million in bribes, is one of several executives linked to former Vice Minister of Public Security Sun Lijun sentenced this week
China appoints 18 institutions as custodians of green bonds
Credit scoring and accounting firms will promote self-discipline and regulation of booming $87 billion industry
Shanghai Stock Exchange appoints new Communist Party leader
CSRC’s Qiu Yong, proponent of open markets, succeeds Huang Hongyuan at China’s largest stock exchange
China rolls out subsidies for the needy amid rising inflation
As cost-of-living gains exceed regional thresholds, more than 20 cities and provinces start paying millions of yuan to low-income families
Jumbo tanker shipping costs more than doubled this month
China and other importers stocking up for winter face increased vessel charter rates as Russia’s war in Ukraine radically restructures global oil markets
Chinese banks brace for private pension boom
Lenders are urging customers to open individual retirement accounts as they dive into a new market that could reach $390 billion in a decade
In depth: why Chinese regulators have cough medicine in their sights
Abusing over-the-counter drugs to get high is easy in China thanks to the prevalence of online pharmacies and delivery apps
China Trend: Acting school principal detained after rape charges surfaced online
Accused instructor says ‘controversial’ teaching methods were behind allegations
Former justice minister given suspended death sentence
Fu Zhenghua is the fourth former official linked to former Vice Public Security Minister Sun Lijun’s political gang to be sentenced this week
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