China’s benchmark Shanghai Composite Index (000001.SH) gained 0.34% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 0.73%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.86% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.03%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China Needs Better Home-Grown Vaccines to Beat Omicron, Expert Says
Tsinghua University’s Ding Sheng urges drugmakers to upgrade existing Covid-19 shots and introduce more-powerful inoculations
· Caixin Explains: What We Know So Far About the Crash of Flight MU5735
CAAC probes why a China Eastern plane with 132 on board fell out of the sky with no ready explanation, leaving a cloud of smoke and a field of debris
· Baoneng Chairman Yao Zhenhua Is Not Missing, Despite Court Statement
Debt-laden property and financial services conglomerate posts a picture of Yao at a Shenzhen factory in response to court declaration his whereabouts were unknown
· Evergrande Unit Discovers $2.1 Billion in Cash Was Seized by Banks
Property services group investigates how banks came to seize the funds after learning of it while preparing the annual financial report
· China Urges Insurers to Expedite Claims From Families of Crash Victims
Several companies including Ping An and China Life have launched an emergency response to help get compensation to victims
· Tech Insider: GAC Aion Sells Stake, Benz Opens Shanghai R&D Center
Nio Capital raises $400 million for its new tech fund, Microsoft’s search engine Bing suspends feature
· Chinese Airline Industry Reels After Guangxi Crash
Potential grounding of over 1,000 Boeing jets further dimmed the outlook for the beleaguered sector
· Pfizer Covid Drug Deployed in Virus-Hit Chinese Province For the First Time
Some 6,000 doses of the imported antiviral drug used to prevent serious disease and death have reached hospitals in Jilin
· The Rise of the China-Focused Private Equity Giant Hillhouse
From its founding with money from Yale, the company has grown to manage tens of billions of dollars of assets
· Papua New Guinea Gold Mine Set to Reopen After Foreign Owners Agree to Lower Stakes
As prices of the precious metal approach all-time highs, Zijin strikes a deal with the government to restart the project, which was mothballed for two years
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This article was generated by Caixin Automation.
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