China’s benchmark Shanghai Composite Index (000001.SH) lost 0.13% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 0.21%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.36% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.99%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Zhang Wenhong: The Unprecedented Omicron Challenge That Hit Shanghai
A comparison of data shows that the death rate among the vaccinated is far lower than that the unvaccinated, so protecting vulnerable groups must be the priority
· China Expands Tax Cuts to Autos With Bigger Engines
As part of push to bolster Covid-hammered economy, government halves sales tax to 5% for vehicles with engines up to 2.0 liters
· Xi Vows That China ‘Will Always Be a Good Friend’ of Pacific Island Countries
Chinese president makes comment in written address to China-Pacific foreign ministers following U.S. President Joe Biden’s Asia tour
· Beijing Urges Local Governments to Set Aside Enough to Cover Covid Testing
Finance Ministry’s instruction comes in the wake of a national ruling that requires localities to pay for mass testing out of their own fiscal budgets
· China Lays Out Fiscal Tools to Reach Carbon Neutrality by 2060
Ministry of Finance hopes to improve market participation, use tax instruments, promote green government procurement, and strengthen international collaboration to deal with climate change
· Tech Insider: Qualcomm Says It’s Staying in China, EHang Eyes Thai Skies
Gotion to mass-produce swappable EV battery packs, CloudWalk makes STAR Market debut
· Uncertainty Weighs on British Businesses in China Amid Lockdowns, Chamber Says
A majority of U.K.-based companies expect to take a hit this year from the current wave of Covid-19 outbreaks and the resulting government response
· China Seeks to Prevent Sealed Juvenile Criminal Records From Being Leaked
New guidelines aim to unify the country’s decade-old system of scattered and vague rules covering the records of underage offenders
· Chongqing Authorities Investigate Fatal Police Shooting
A police statement said the victim had attacked the officer prior to the shooting, as he was ‘dissatisfied’ with his handling of a dispute
· Trending in China: ‘Ugly,’ ‘Suggestive’ Textbook Illustrations Draw Ire
Commenters are stunned as to how the now-controversial materials could have been in use for a decade
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This article was generated by Caixin Automation.
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