China’s benchmark Shanghai Composite Index (000001.SH) lost 0.76% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 1.18%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 2.31% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.73%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Liu He and Janet Yellen Discuss China-U.S. Economic Relationship
The Chinese vice premier and American treasury secretary spoke via video link early Wednesday
Tangshan may ease steel production cuts; Chongli debuts regenerative electric boiler; Hengyi Petrochemicals to sell $471 million of convertible bonds
· Chinese Vaccines Fall Behind in Going Global, Former CDC Chief Says
Wang Yu argues that failure to obtain international certification means China shots may not count for vaccine passports or play a role in Covax
· Battery Maker CATL Tops 1 Trillion Yuan in Market Cap
EV boom drives surge to $157 billion on Shenzhen’s ChiNext board though some analysts warn the company is overvalued
· China Fines 11 Tutoring Companies $4.94 Million for Fraud and False Ads
Crackdown on after-school training industry involves New Oriental, TAL Education, OneSmart and Scholar Education Group
· China Steps Up Pressure on Financial Institutions to Limit Property Lending
Regulators plan to go after banks and intermediaries that inspectors found dodging rules barring use of business loans to buy real estate
· Singapore Won’t Be Left Behind as Developed Economies Open Up, Prime Minister Says
Lee Hsien Loong tells nation that vaccinations, fast testing will allow residents’ lives to go on as normal with virus in their midst
· In Depth: Genebox Hypes a Fresh Breakthrough in Home DNA Testing. Will China Care?
High-density microarrays can cut costs, but the technology is quickly being supplanted
· Analysis: China’s Three-Child Policy No Quick Fix For Flagging Birth Rates, Experts Say
Tax, housing and education relief needed to reduce family financial burdens and support bigger households
· Money-Losing Chinese Electronics Reseller Files for U.S. Listing
In its IPO filing to the NYSE, the JD.com-backed company identifies its negative cash flow and reliance on the e-commerce giant as key risks
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This article was generated by Caixin Automation.
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