China’s benchmark Shanghai Composite Index (000001.SH) closed nearly flat on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 0.1%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.8% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.97%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China Gives Covid-19 Shots to More Than 1 Billion People
Health authorities race to complete vaccinations in the world’s most populous country to fend off the fast-evolving pathogen
· China’s Central Bank Says Liquidity Is Ample and Balanced
Top officials say People’s Bank of China has ample tools to maintain prudent monetary policy and more leeway than the Fed
· UBS Names Tech, Media and Telecom Head for Southeast Asia and India
Warren Wu’s appointment is part of the global bank’s strategy of focusing on new-economy industries in a key strategic region
· Hong Kong Banks Ready to Sell Cross-Border Wealth Management Products Soon, Report Says
Some major lenders in the financial hub have reportedly conducted final technical tests for implementation of the investment plan for the Greater Bay Area
China will take action against workplace gender discrimination, and WeChat will put a price tag on cloud storage
· Evergrande Pays Back Paint Supplier in Property as Overdue Debt Piles Up
The teetering real estate giant still owes Skshu Paint 100 million yuan in overdue commercial paper
· Tech Insider: Didi Rival Cao Cao Raises $589 Million, Xiaomi Takes Global Wearable Band Top Spot
Self-flying vehicle maker EHang launches tests in Estonia, Baidu Ventures closes $400 million hard-tech fund
· China, Indonesia Launch Framework for Settling Trade, Investment in Local Currencies
Five Chinese commercial banks, and several Indonesian and other Southeast Asian banks have been chosen to undertake transactions under the initiative
· Charges Dropped Against Ex-Alibaba Manager in Workplace Sexual Assault Case
Prosecutors say the man’s actions toward his female colleague in the highly publicized incident were ‘not a criminal offense’
· Hong Kong to Forego Quarantine for Visiting Mainland and Macao Residents
The city will also allow local residents coming in from the two regions to return without going through mandatory isolation
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This article was generated by Caixin Automation.
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