China’s benchmark Shanghai Composite Index (000001.SH) lost 0.33% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 1.28%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.36% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 2.17%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· PBOC Signals Easing With Pledges of More Pro-Stability Policies
China’s central bank aims to be ‘preemptive’ and ‘hurry up’ in acting to shore up an economy slowed by pandemic disruptions and the property slump
· Evergrande Transfers Projects to Partners for Debt Relief
Deals aim to reduce property giant’s liabilities while ensuring completion of more than 1 million residences for buyers
· Delivery Times Likely to Stretch After Beijing Warns Omicron Could Have Traveled in Mail
Customs, postal authorities have directed airports and logistics companies to disinfect cross-border deliveries more thoroughly
· Tech Insider: Most China Phone Sales Now 5G, Canon Closes Local Plant
AI chip maker raises $126 million, ‘new economy’ firms draw more investment
· Photo Essay: Lion Dancers Strive to Keep Traditions Alive as Gigs Dry Up
The centuries-old tradition struggles with sustainability as training takes many years
· In-Depth Analysis: NFTs Will Have Wide Applications Once Hype Settles
Trade in non-fungible tokens (NFTs) is growing rapidly, but not all of the market enthusiasm is hype
· Death of Top Moutai Sales Executive Under Investigation
Zeng Xiangbin, general manager of scandal-plagued liquor giant’s sales unit, may have committed suicide while involved in a probe, source say
· China’s Securities Regulator Backs Overseas Share Sales in Orderly Manner
CSRC outlines seven priorities for its work in 2022, including healthy development of capital market and registration-based IPO system
· State Documentary Details Crimes of Former High-Ranking Police, Judicial Officials
Probe into ex-Justice Minister Fu Zhenghua is among the corruption cases explored in the five-episode series run on national television
· BYD’s $61 Million Chile Lithium Deal Hits the Rocks
Just two days after the deal was sealed, a court has stepped in after appeals from communities in the lithium-rich Atacama region
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This article was generated by Caixin Automation.
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