China’s benchmark Shanghai Composite Index (000001.SH) gained 0.05% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 0.18%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.22% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.24%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Former Head of China Development Bank Branch Kicked Out of Communist Party
Fu Xiaodong, who was president of CDB’s Henan unit, accused of accepting bribes and turned over to prosecutors, graft busters say
· Shenzhen Nucleus Gene Lab Found to Report False Covid Test Results
Lanzhou health authorities vow punishment for uploading negative results for patients who were positive as testing industry comes under scrutiny
· China’s Property Support Seen as Helping State-Owned, Quality Private Developers
The recent slate of measures will encourage the better firms to acquire and help complete unfinished projects, insiders say
· Tech Insider: Tesla’s Big Recall, Pinduoduo’s Earnings Beat
VR headset shipments spike, Faraday Future’s management shake-up
· China Steps Up Timetable for Senior Vaccinations as Covid Cases Surge
The minimum period between the initial course of vaccines and the first booster shot for the elderly has been shortened to three months from six
· Kweichow Moutai to Splash $3.8 Billion in First-Ever Special Cash Dividend
China’s liquor giant said the first bonus to shareholders since it went public in 2001 is to ‘boost market confidence’
· Tsinghua University Considers Erecting On-Campus Quarantine Facility
The university administration said it is studying the idea before making a final decision, a student source says
· Cover Story: China’s Share Markets Back on the Fundraising Menu for Ailing Developers (Part 2)
Ban on equity fundraising to be lifted immediately, allowing property firms to sell domestic shares for debt repayments and acquisitions
· Former State-owned Assets Administration Chief Named Party Leader of Liaoning
Hao Peng, 62, becomes the third straight Communist Party secretary of the province with a background in military enterprises
· China’s President Xi Jinping Meets With Mongolian President
Leaders sign series of bilateral accords while vowing to expand cooperation on trade, energy and connectivity
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This article was generated by Caixin Automation.
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