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Philadelphia Fed President Henry Paulson delivers a speech
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Chinese shares closed flat on Thursday as investors remained cautious over additional tariffs the White House is planning on Chinese goods.
The Shanghai Composite Index, the main gauge for Chinese equities, marginally rose to close at 3,280.34. The Shenzhen Component Index edged up 0.2%, or 15.68 points, to 9,759.05.
China is facing tariffs of up to 245% from the US. The White House said the heightened tariffs are a result of China's retaliatory actions, when China slapped duties of 125% on US goods after the US hit China with 145% tariffs.
In corporate news, Ongoal Technology 3 soared 165% at the close of its trading debut. The shares of the automated processing production lines and equipment manufacturer grew nearly three times more than their initial public offering price of 26.60 yuan apiece.
Moreover, Anhui Guofeng New Materials surged 10% at the close after starting the trial production of a high-end functional polypropylene film plant.
HOB Biotech Group jumped 5.2% following the appointment of Zhang Yangqing as chief financial officer.
HOB Biotech Group appointed Zhang Yangqing as chief financial officer, according to a Shanghai Stock Exchange filing on Thursday.
Zhang will take over from Han Shuyan, who resigned due to work adjustments, the Chinese in vitro diagnostic reagents manufacturer said.
The company's shares jumped over 6% in recent trade.
Sichuan Em Technology signed a supplementary agreement for the sale of its 8% stake in Jinzhang Technology to Anhui Guofeng New Materials .
The agreement determined the target price of the above stake as 97.6 million yuan, according to a Wednesday filing with the Shanghai bourse.
HOB Biotech Group subsidiary Hunan Haooubo Biopharmaceutical obtained four medical device registration certificates from Hunan province's food and drug administrator.
The approvals were for four diagnostic kits using magnetic particle chemiluminescence technology to test for antibodies related to melanoma differentiation-associated gene 5, gastric parietal cells, C1q and intrinsic factor, according to a Tuesday filing with the Shanghai bourse.
The registrations are valid until 2030.
Shares of the company rose 1% in recent trade.
HOB Biotech Group subsidiary Hunan Haooubo Biopharmaceutical obtained four medical device registration certificates from Hunan province's food and drug administrator.
The approvals were for four diagnostic kits using magnetic particle chemiluminescence technology to test for antibodies related to melanoma differentiation-associated gene 5, gastric parietal cells, C1q and intrinsic factor, according to a Tuesday filing with the Shanghai bourse.
The registrations are valid until 2030.
Shares of the company rose 1% in recent trade.
China's medical products administrator approved HOB Biotech subsidiary Jiangsu HOB Biotech's two detection kits, according to a Friday filing with the Shanghai Stock Exchange.
The autoimmune myositis antibody spectrum 1 detection kit helps diagnose systemic sclerosis, polymyositis, dermatomyositis, and other connective tissue illnesses, the filing said.
The anti-phospholipase A2 receptor antibody IgG detection kit is used in human serum samples, the filling said.
China's medical products administrator approved HOB Biotech subsidiary Jiangsu HOB Biotech's two detection kits, according to a Friday filing with the Shanghai Stock Exchange.
The autoimmune myositis antibody spectrum 1 detection kit helps diagnose systemic sclerosis, polymyositis, dermatomyositis, and other connective tissue illnesses, the filing said.
The anti-phospholipase A2 receptor antibody IgG detection kit is used in human serum samples, the filling said.
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