China’s benchmark Shanghai Composite Index (000001.SH) lost 0.07% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 0.7%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) ended nearly flat for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.55%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· In Depth: How Private Equity Tycoon Wang Chaoyong’s Dreams Collapsed
Financier with a glittering resume stumbled into a debt crisis amid tightening government oversight before his arrest on embezzlement charges
· Zijin Mining Takes 21.23% Stake in Jiayou International
Investment of $195 million will make Zijin the No. 2 shareholder of the cross-border logistics provider, expecting the deal to bolster overseas projects
· Shipping Rates Between China and Southeast Asia Skyrocket
Demand booms amid easing pandemic restrictions, ports grow congested and freight companies run out of ships, driving up costs as much as 10-fold
· China Three Gorges Plans to Pour $6.47 Billion Into Three New Wind Farms
Offshore generators near Yangjiang city will add 3 million kilowatts of electricity to new-energy unit’s wind-power capacity in 2024
· Nature Lists China’s Mars Mission Chief as One of 2021’s Most Important Scientists
Zhang Rongqiao, chief designer of China’s first Mars mission, has been named as one of 10 people to have ‘helped shape science in 2021’ by British scientific journal Nature
· In Depth: How One Chinese Province Is Struggling to Deal With Its Debt Mountain
Guizhou is one of the country’s most heavily indebted regions, but unlike its richer counterparts, has few real options to tackle the problem
· China Drafts Rules to Outlaw Pick-Up Artists, Workplace Sexual Harassment
Draft revision to the law on women’s rights aims to further enhance gender equality
· China Sanctions Four Individuals in Countermove to U.S. Penalties Over Xinjiang
The four members of a U.S. commission on religious freedom are barred from entry into China
· China Prices for Carbon Credits Hit Four-Month High as Trade Surges
Power producers rush to meet compliance targets as end of first year looms for national emissions trading system
· Chinese Property Market’s Liquidity Struggles Continue Despite Signs of Policy Easing
More measures to support real estate are needed to bring financing, sales and land purchases back to normal, analysts say
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This article was generated by Caixin Automation.
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