China’s benchmark Shanghai Composite Index (000001.SH) lost 0.38% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 0.73%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.01% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.87%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· State-Dispatched Risk Managers Arrive at Evergrande Headquarters
Management of debt-laden conglomerate told to report to Guangdong government’s working team amid efforts to defuse risks
· China Issues Local Government Borrowing Quotas Early
State Council seeks to accelerate spending on construction projects to bolster slowing economy, though some jurisdictions report lower-than-expected amounts
· JD Technology Becomes Latest Fintech Giant to Boost Capital as New Rules Loom
The arm of online retailer JD.com has increased the registered capital of its online microlending business for the second time in four months
· Roundup: China to Roll Back Some of Its Stricter Economy Policies in 2022, Experts Say
Goals such as overhauling the property market and cutting carbon emissions have added to pressure on economic growth
· China Heightens Travel Restrictions in East China as Cases Climb
More restrictions have been placed on residents in the virus-hit cities of Hangzhou, Shaoxing and Ningbo in Zhejiang province, even as more than half a million people remain in quarantine
· Tech Insider: Tencent’s Banking Push, Xiaomi’s Chip Drive
Svolt closes bumper round, Tsinghua Unigroup’s bankruptcy restructuring moves forward
· Tsinghua Unigroup Files Draft Debt Restructuring Plan for Court Approval
Chipmaker reportedly obtains $9.42 billion from strategic investors to help pay back creditors
· China, France Pledge Closer Economic Cooperation
Beijing offers words of support for French financial institutions’ investments into the country, during the eighth China-France High-Level Economic and Financial Dialogue
· Energy Insider: China’s First Carbon Dioxide Power Cycle Generator Goes Online
President Xi Jinping calls for resolve to achieve country’s dual carbon goals; battery material specialist CNGR invests $1.6 billion in lithium iron phosphate project
· First Omicron Case Reported on Chinese Mainland
Health authorities in the northern city of Tianjin confirm a case of the Covid variant Monday, according to state media
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This article was generated by Caixin Automation.
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