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Tuesday, May 7, 2024

Shanghai Composite Index Fell 0.57% on Thursday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.57% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 0.23%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 2.53% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.92%.

Below is a rundown of the top China business and finance stories, plus other news for the day:

· China Pledges to Rein In Incomes of the Wealthy and Build Common Prosperity

Nation’s top leaders seek to attain ‘common prosperity’ in addressing social inequality and unbalanced development between urban and rural areas

· Analysis: Will the Taliban Make a Clean Break With Terrorists?

When the group was last in control of vast parts of Afghanistan from 1996 to 2001, a small number of extremist organizations posed a threat to China’s national security

· Evergrande Founder Steps Down as Chairman of…

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