China’s benchmark Shanghai Composite Index (000001.SH) gained 0.81% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 1.3%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.8% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.06%.

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

· Asia-Middle East Digital Currency Trial Reports Progress

Experiment involving central banks and financial institutions from China, the UAE, Hong Kong and Thailand completed $312 million of cross-border transactions

· Chinese Food Giants Hike Prices as Costs Rise

Since October, retail prices of some products have increased by as much as 18%

· In Depth: Combating the North American Pest That Has Reveled in Beijing’s Wet Summer

The ’white robe wizard’ is one of many nonnative species in China that destroys crops, hurts farmers’ livelihoods and threatens the survival of native wildlife

· Chinese Fugitive Who Cheated Thousands Charged in U.S. With Visa Fraud

Shi Jianxiang, whose collapsed peer-to-peer lending platform raised $6.3 billion in a Ponzi scheme, was arrested in Las Vegas promoting his cryptocurrency venture

· China’s Climate Envoy Expects a Deal on Carbon Market Rules in Glasgow

Xie Zhenhua says countries already have political consensus, and now only need to solve the technical problems

· China’s Coal Prices Plummet After Regulators Step In

Spot and futures prices of the fossil…

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