China’s benchmark Shanghai Composite Index (000001.SH) lost 6.62% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 8.15%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 2.55% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 10.59%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Holiday Home Sales Boom in Beijing as Latest Stimulus Entices Buyers
Daily homes sales up 81% on last year’s National Day holiday as Beijing relaxes curbs on house buying
· Briefing: Mainland Stocks Soar After Holiday
Also in today’s rundown: National Day travelers make more domestic trips and spend more money this year, Beijing condemns attack in Pakistan that killed two Chinese citizens
· Analysis: Chinese Companies’ Revenue Decline Looms Over GDP Growth
A look into the data of over 4,000 listed firms shows stagnating revenue growth tracking China’s economic slowdown. That trend shows no sign of changing
· Commentary: How to Strengthen China’s Capital Market for Sustainable Growth
China needs to fully implement its range of stimulus policies and focus of high-quality development
· Former Justice Minister Expelled From Party for Alleged Corruption
Tang Yijun now faces criminal charges for allegedly accepting bribes over an extended period
· U.K. Court Accepts Chinese Investor’s Lawsuit Linked to Nearly $4 Billion in Laundered Bitcoin
The decision marks the beginning of a cross-border legal slog for those looking to recover a portion of the 43.5 billion yuan that was embezzled from investors in China and whisked overseas by the scam’s mastermind
· EU’s Approval of EV Tariffs Condemned by Beijing, Chinese and German Carmakers
Localizing production is the best way to avoid protectionist policies and further probes, experts say
· Commentary: How the World Stands to Gain From China’s Stimulus Package
Stronger Chinese growth will generate greater positive spillover effects for the rest of the world, especially Australia and South Korea
· China’s New Economy Industries Jump on Gains Across Key Inputs, Caixin Index Shows
Increases in capital, technology inputs boosted the NEI by 1.1 points on the month to 30.9 in September
The monetary easing plans that sparked last week’s share rally will help boost sentiment, but stabilizing real economic growth will hinge on the fiscal policies to come
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This article was generated by Caixin Automation.
