China’s benchmark Shanghai Composite Index (000001.SH) lost 0.67% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 0.51%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.4% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.11%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China’s Cabinet Issues Guidelines to Attract Tourists And Export Its Culture
Measures aim to cut China’s large service sector deficit by drawing in visitors and promoting its cuisine
· Shanghai Pudong Development Bank Takes Full Control of JV Following Silicon Valley Bank Collapse
The joint venture has said its operations have been independent from the U.S. parent
· Another Key Executive at Bank of Beijing Falls From Grace, Sources Say
Former president Yan Xiaoyan has been taken away by authorities
· Bus Hits Crowd Outside Middle School in East China, Killing 11
A further 13 people were injured in the incident, which police say happened when the bus careered out of control
· China Auto Roundup: Used-Car Dealers’ Bumpy Ride, EU Tariffs Kick In
BYD’s dominance is taking a toll on smaller Chinese EV rivals, white paper argues China’s auto insurers must keep pace with driverless tech
· Lower Down Payments Boost Beijing’s Pre-owned House Sales But Prices Still Fall
Spike in sales the result of policy-induced price cuts, says analyst, but buyers still cautious
· Yonghui Turns the Tide With Revamp Inspired by Retail Pioneer Pangdonglai
Focusing on top brands, high-quality products and an improved shopping experience is paying off for Yonghui
· Investors on Alert for Another Japan Rate Hike
Bank of Japan says it still intends to raise borrowing costs, but will avoid doing so if markets are unstable
· Opinion: Proactive Measures to Address the Impact of Aging
The more timely the response to aging, the more the country can maintain and mitigating the impact of aging
· Commentary: Exposure of Underground Surrogacy Clinic Highlights Growing Demand for Service
Rising infertility rates naturally sustain this underground trade
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This article was generated by Caixin Automation.
