China’s benchmark Shanghai Composite Index (000001.SH) gained 0.16% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 0.44%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.47% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.82%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Property Brokerage Lianjia Slashes Beijing Commissions to Boost Sales
Real estate giant cuts selling fees to 2% from 2.7% and will split the cost between buyers and sellers rather than collecting only from buyers
· Chengdu Scraps Homebuying Limits in Certain Districts
Capital of Sichuan province joins a raft of second-tier cities in easing policies to help bolster China’s ailing housing market
The two assaulters, both 9 years old, were told to undergo psychological counseling and behavioral correction — a punishment some netizens say is ‘too lenient’
· Ford Halts Construction of U.S. EV Battery Plant Using CATL Technology
Automaker didn’t give a specific reason for the suspension, saying only there were ‘a number of considerations’
· Tech Insider: Southwest Province Has Big EV Battery Dreams, Qualcomm Mulls China Layoffs
South Korea pleads with U.S. over China chip curbs, Huawei founder says company will prevail
· U.S. Blacklists Chinese Entities Over Alleged Ties With Russia, Iran
Washington has accused some of the 10 firms and one individual of supplying or attempting to supply parts for the two countries’ drone programs
· Investigator at China’s Top Graft Buster Turns Himself In
Probe of Wang Youbin may be related to corruption case of China Development Bank’s Zhou Qingyu, sources say, amid grafter busters’ campaign against ‘two-faced people’
· Coal Mine Fire Kills 16 at State-Owned Mine in Guizhou
Disaster initially found to involve a conveyor belt at a unit of Guizhou Energy Group that was penalized for safety violations several times in the past five years
· Exclusive: Former Evergrande CEO and CFO Face Probe, Sources Say
Xia Haijun and Pan Darong were both in charge of the property giant’s financial operations, and resigned last year in the wake of a bank deposit scandal
· Opinion: How to Break the Deadlock on China’s Real Estate Market
When the real estate policy toolbox is nearly exhausted, it is necessary to carefully optimize approaches
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This article was generated by Caixin Automation.
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