China’s benchmark Shanghai Composite Index (000001.SH) lost 0.13% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 1.05%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.71% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.77%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Analysis: China’s CIPS Won’t Rescue Russian Banks From SWIFT Ban
While the homegrown Chinese international payment system may take up some of the slack, it lacks the capacity to fully offset Russia’s exclusion from the global mechanism, analysts say
· Police Chief of Northeast Province Liaoning Under Graft Probe
Wang Dawei, also a deputy governor, is the third head of the province’s public security department to be investigated since 2002
· Update: First 400 Chinese Students Evacuated From Ukraine by Bus
Chinese embassy arranges exit to Moldova as embassies across Eastern Europe coordinate with regional governments offering visa-free access
· Cambodia ‘Blood Slave’ Case Was Made Up, Country’s Authorities Say
The story of a man being kidnapped and held by a gang for his rare blood type caused a stir on Chinese social media, with many showing sympathy for his ordeal
· Tech Insider: Didi Rides On in Russia, Tencent Buys Polish Game Firm
Workout app files for Hong Kong IPO, TikTok says it will throttle Ukraine war disinformation
· In Depth: The Murky World of High-Frequency Futures Trading in China
Experts say such trading reaped about $725 million in total profits in 2019, about 60% of which went to foreign firms. With the rules still unclear, how to regulate these companies has become a challenge
· China's Property Market Gets Bleaker Despite Policy Support
Top 100 developers saw their sales collapse by nearly half in February from the previous year
· China’s Car Chip Supply Still Falling Short, Industry Official Says
Semiconductor production struggling to keep pace with demand due to the fast-growing EV sector
· More Cities Expand Easing Measures to Bolster Housing Market
Since mid-January, 15 provinces and cities relaxed homebuying requirements, cutting down payments and interest rates
· Energy Insider: Ukraine War Threatens Shortage of Sailors
Conflict could further disrupt global supply chains; commodity markets go on a wild ride; China ramps up aluminum output
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This article was generated by Caixin Automation.
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