China’s benchmark Shanghai Composite Index (000001.SH) lost 0.52% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 0.53%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.87% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.77%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Chinese Appliance Giant Midea Plans Hong Kong IPO
Foshan-based company frames offering as part of its globalization strategy but warns of uncertainties and doesn’t disclose a fundraising target
· Another Major Chinese City Scraps Limits on Housing Purchases
Hubei provincial capital Wuhan drops ban on buying more than one home for those lacking local registration documents
· Corporate America Is Losing Optimism Over China, AmCham Survey Shows
Most companies flagged pressure from Washington to decouple as a concern, but their revenue expectations have stabilized and more plan to boost investment in the country
· Chip Designer Arm Committed to China, CEO Says
British firm will continue working closely with its mainland-based partner, in an assurance its recent multi-billion-dollar IPO will not affect its China strategy
· Tech Insider: China’s Top Five Solar-Gear Makers, Alibaba’s $2 Billion Turkey Investment
Battery-maker Gotion switches on Germany factory, Huawei and Xiaomi bury the patent hatchet
· China Expands Use of Digital Yuan to Covering Utility Bills
Central bank adds payment of water, gas, electricity, heating and phone bills to its e-CNY mobile wallet app
· AI Startup 4Paradigm Aims to Raise $113 Million in Hong Kong IPO
Long-awaited share sale values the Beijing-based company at $3.3 billion to $3.6 billion with stock to begin trading Sept. 28
· Policies to Take Pressure Off Students in Compulsory Education Backfire, Study Shows
Measures such as limiting the frequency of exams and prohibiting honors classes widened income-based inequality in the high school system, Peking University researchers find
· After Lattes and Ice Cream, Moutai Serves Up Booze-Infused Chocolates
The Chinese liquor-maker is teaming up with candy giant Mars in an effort to introduce its brand of fiery spirits to a new, preferably younger, group of consumers
· Opinion: ESG Will Prove to Be a Key Investment Trend
Tomorrow’s results from sustainable investing need global collaboration and a great deal of financial innovation today, UBS Asset Management president says
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This article was generated by Caixin Automation.
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