China’s benchmark Shanghai Composite Index (000001.SH) lost 0.6% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 1.17%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.38% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.42%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Extra Jobs and Higher Wages at Foxconn’s iPhone City For Latest Model
Foxconn stages recruitment drive in preparation for iPhone September launch
· Country Garden Services Expects 30% Profit Drop as Property Downturn Drags On
Property managers’ slight increase in first half revenue is accompanied by a significant drop in net profits
· Baowu, Rio Tinto’s Australian Iron Ore Project On Track to Begin Production Next Year
The $2 billion Western Range project will start producing its total goal of 275 millions tons of ore
· Unmarried Woman Who Sued Hospital for Refusing to Freeze Her Eggs Loses Appeal
A Beijing court upheld the verdict that the hospital did not break any laws when it made its decision based on her marital status
· Macao Takes Aim at Currency Exchange Services for Gamblers
Revised law would make offering such services in casinos and their connected hotels and shopping malls punishable by up to five years in prison
· Securities Watchdog Official Named Head of Shenzhen Exchange
Li Jizun’s move has set off a reshuffle of departmental leadership at the CSRC
SAIC Motor reshuffles management as sales tumble, CATL opens experience store
· Senior Investment Banker at Guoyuan Securities Probed
Wang Chen, head of the investment banking at Guoyuan Securities, has been out of contact since July 30
· Chengdu Further Relaxes Mortgage Rules to Spur Home Sales
The move by Chengdu’s housing authority allows more homebuyers to benefit from lower down payments
· Smart Driving Startup Horizon Robotics Cleared for Hong Kong IPO
BYD-backed autonomous driving provider plans to issue 1.15 billion shares in IPO
Click here to read more of the latest news.
This article was generated by Caixin Automation.
