China’s benchmark Shanghai Composite Index (000001.SH) lost 0.45% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 1.02%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.48% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.19%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Embattled Online Grocery Missfresh Faces Debt Claims in 1,400 Lawsuits
Former employers and suppliers demand $115 million, and the company has only 55 employees left, according to belated 2021 annual report
· Country Garden Plans $494 Million Share Placement
Chinese property giant takes advantage of stock rally to sell Hong Kong shares for repayment of offshore debts
· China’s SOEs Grew Almost Twice as Fast as Economy in 2021
Government turns to state-owned enterprises as economic engine of last resort in the face of pandemic pressures
· China’s October Home Sales Drop Again
Amid Covid outbreaks, slowing economy and property developer liquidity crisis, homebuyers stay on the sidelines, driving sales down 28.2% this year
· State Clearing House Sets Standards for China’s $200 Billion Green Bond Market
The new system offers instructions on disclosing information about projects and their environmental benefits
· In Depth: The Secrets Behind a Chinese Banking Superstar’s Fall
The unmaking of former China Merchants Bank chief Tian Huiyu may be rooted in his equity investments in electric-vehicle battery giant CATL
· Teaching Staff Who Harm Children Face Lifetime Ban
The guideline, which takes effect Tuesday, comes as the country steps up efforts to protect minors in education
· Xi Raises Anti-Secession Law in Talks With Biden About Taiwan, Foreign Minister Says
The 2005 law allows China to take ‘non-peaceful means and other necessary measures’ to safeguard its territorial integrity if events including secession occur
· Food and Drink Fair Fizzles as Covid-19 Keeps Crowds Away
Many merchants were delayed or restricted from traveling to Chengdu for the largest exhibition on the food and beverage industry’s calendar
· Tech Insider: ‘Double 11’ Sales Kept Secret, Xiaomi Smartphones Stay on Top in India
TuSimple ousts CEO and independent directors, Alibaba logistics unit pushes deeper into Brazil
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This article was generated by Caixin Automation.
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