China’s benchmark Shanghai Composite Index (000001.SH) gained 0.76% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 1.55%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.66% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.8%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Fosun Pharma Offers $692 Million to Privatize Innovative Drugmaker Henlius
Henlius share prices surges as buyout offer values the company at $1.71 billion
· Ride Hailing Firm OnTime Gets Green Light for Hong Kong Listing
Ride-sharing platform says it will use funds raised to promote autonomous driving and brand building
· Japanese Mother and Boy Injured in Suzhou Knife Attack
Chinese woman on school bus is critically injured after trying to intervene
· China Must Seek Growth by Exporting Its Manufacturing Expertise, Says TCL Founder
The future of China’s manufacturing industry must be to go global, says TCL chairman Li Dongsheng
· Commentary: The Building Sector Is Key to the Fight Against Climate Change
Building sector value chain is responsible for 37% of carbon emissions globally and involves industries for which it’s harder to slash emissions such as steel and cement, making its decarbonization all the more challenging
· Ex-Provincial Head of Top Finance Regulator Caught in Graft Probe
Li Huatao, a former director of the NFRA’s Guizhou branch, is the latest official to be caught in a months-long inspection of the regulator launched in April
· China’s Regulator Accepts Mizuho Application to Set Up Securities Firm
Japan-based financial institution is the latest foreign firm to apply to establish a wholly owned brokerage
· Singapore Scrutinizes Family Offices in Wake of Money Laundering Scandal
Offices required to submit extra information, invest more money locally
· Another Top Hospital Chief Caught Up in China’s Health Care Corruption Crackdown
Cheng Yingsheng, the president Tongji Hospital in Shanghai, is under investigation for ‘serious violations of discipline and law,’ the city’s corruption watchdog says
· At Least 17 Chinese Killed in Korean Lithium Battery Plant Fire
The blaze broke out Monday morning at battery-maker Aricell’s three-story plant in Hwaseong
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This article was generated by Caixin Automation.
