China’s benchmark Shanghai Composite Index (000001.SH) lost 0.0% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 0.35%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.28% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.72%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China Confirms President Xi to Attend Biden Climate Summit
The announcement indicates the Chinese leadership is willing to engage with the U.S. on climate issues despite their overall tense relationship
· Foxconn to Save $80 Million in Taxes at Sharply Scaled-Back U.S. Plant
Taiwan tech giant lowers initial $10 billion investment in Wisconsin to $670 million
· Toshiba Shares Fall 4% After CVC Halts Buyout Plan
Private equity firm’s proposal derailed over CEO swap and lack of partners
· Global Chip Rush Drives Taiwan’s Export Orders to Record
Orders grew 33.3% to $53.7 billion in March, Taiwan’s economic authority said on Tuesday
· Embattled Huarong’s Key Offshore Unit Says Its Back in the Black
China Huarong International announces that it has laid a “solid” foundation for transformation as concerns persist over its ability to repay debt
· Jen Wong: “We recognize that what happens on Reddit influences the world. We see this all the time”
· Aaron Levie: “US$500 million investment and new board member from KKR”
· CX Daily: Asian Americans Raise Their Voices Against Racist Hate
An embarrassing moment for Tesla at Shanghai Auto Show. Alibaba gets involved in more regulatory trouble
· China to Pour More Foreign Exchange Reserves Into Green Finance
PBOC Governor Yi Gang outlines plans to devote more funding and set financial standards to support national climate change goals
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This article was generated by Caixin Automation.
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