China’s benchmark Shanghai Composite Index (000001.SH) gained 0.31% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 0.08%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.12% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.44%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Optic Fiber Manufacturer Breaks IPO Drought as Beijing Stock Exchange Resumes Reviews
Chengdu Uestc Optical Communications aims to raise $20.7 million after first IPO review since February
· Suspect Arrested in Stabbing of Four American College Teachers in China
Stab victims treated at hospital, but none is critical. A suspect was arrested shortly after the attack
· In Depth: How Hong Kong Could Help Craft Mainland Policies for Digital Assets
Chinese financial institutions are taking advantage of the city’s digital strategy to test blockchain-based financial products that could shape Beijing’s own policies on virtual assets, industry experts say
· Analysis: Lowering Key Local Renewable Energy Target Highlights China’s Grid Shortfalls
The country is building renewable projects far more quickly than it is adapting its power grid to accommodate them
· China’s Stock Exchanges to Tighten Controls on High-Frequency Trading
The Shanghai, Shenzhen and Beijing bourses plan to impose stricter rules and extra fees on the practice, a type of controversial trading blamed for fueling market turmoil this year
Europe and U.S. fearful of China’s electric cars, says BYD founder, nine firms given green light to test autonomous driving
· Opinion: How to Pave the Road to Improved Audit Quality
The case of audit firm PwC China’s apparent complicity in developer Evergrande’s financial fraud highlights the need to improve the checks and balances of intermediary organizations
· China’s CATL Refutes U.S. Lawmakers’ Allegations of Using Forced Labor
The world’s largest lithium battery manufacturer says claims are ‘groundless and completely false,’ after calls for the Department of Homeland Security to blacklist the firm as well as Gotion High-Tech
· China’s Citic Group Corp Executive Probed For Suspected Corruption
Xu Zuo is a deputy general manager of the financial conglomerate and also a vice president of the group’s Hong Kong-listed subsidiary Citic Ltd.
· Cover Story: Turning Research Into Revenue – China’s Quest to Bring Lab Inventions to Market
China leads the world in patent filings, yet transforming the achievements of the nation’s universities and research institutions into profitable businesses remains a challenge
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This article was generated by Caixin Automation.
