China’s benchmark Shanghai Composite Index (000001.SH) gained 0.79% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 1.55%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.52% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.3%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Deliveries of China’s Challenger to Boeing 737 Set for This Year
COMAC’s long-delayed C919 passenger plane still needs to complete regulatory certifications while facing uncertainties around U.S. trade bans
· China to Issue Sweeping Standards for Fintech, Digital Currency
Central bank and three other financial regulators outline plan to forge an orderly growth track for digital currency, cross-border settlements, green finance
· State Food Giants to Consolidate Overlapping Businesses
Cofco and Sinograin set up joint ventures to take control of the state-owned enterprises’ grain storage and oilseed crushing and processing activities
· Hong Kong Expert Warns of Covid ‘Tsunami’
If the epidemic is not controlled, the number of new cases may exceed 10,000 in two weeks, says respiratory specialist
· Tech Insider: Toshiba to Split In Two, Not Three; Chinese NEV-Makers Have a Strong Start to 2022
Robot-maker Rokae raises $63 million, Globalwafers unveils $3.6 billion expansion plan, SoftBank plans to list Arm
· Yellow Sea Tanker Ship Collision Spilled 9,400 Tons of Oil, Report Says
The report from China’s Ministry of Transport says the April accident near the country’s eastern coastline caused nearly $1 billion in damages
· Chinese and Singaporean Regulators Vow to Support ETF Connect
The financial authorities discuss strengthening cooperation and green finance at latest meeting
· Businesses Should Abide by ‘Traffic Lights’ in Capital Expansion, People’s Daily Says
A People’s Daily editorial says that these ‘traffic lights’ are designed to ‘set clear rules and draw a bottom line ... with the aim of guiding and urging enterprises to obey the leadership of the party’
· Caixin New Economy Index Rises on Increased Capital Investment
January gauge of high value-added industries climbs to 29.5 from 28.1 in December
· Papua New Guinea Prime Minister Tests Positive for Covid-19 in Beijing
While the island country’s leader James Marape missed attending the opening ceremony of the Beijing Winter Olympics last Friday, he was still able to hold virtual talks with Premier Li Keqiang
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This article was generated by Caixin Automation.
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