China’s benchmark Shanghai Composite Index (000001.SH) lost 0.78% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 0.99%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.64% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.9%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Hong Kong Regulator Confident in Streamlining of Cross-Border Transfer of Mainland Audit Paper
Accounting and Financial Reporting Council chair says procedure will be “greatly shortened” from 9-month average
· Another Regulatory Official Probed in China’s Sweeping Tobacco Industry Crackdown
Former department head under investigation for “serious violation of law and discipline”
· Fitness App Keep Raises $38.3 Million In Lackluster Hong Kong IPO
Valuation short nearly $400 million from latest funding round
· China Begins Campaign Against Illegal Reproductive Services
The six-month effort will target surrogacy, the illegal sale of sperm and eggs, and other illicit activities involving technology that helps people have children
· China Strengthens Rules for ‘Self’ Media, With Onus on Platforms to Vet Content
Websites must ensure that non-government, independent content providers clearly identify their sources when posting on current affairs
· China’s New Office for Hong Kong and Macao Affairs Has Its First Head
Xia Baolong chaired a meeting on Tuesday of the recently created body overseeing the two special administrative regions, according to a government statement
· Tech Insider: Ant Group Fined, Zeekr EVs Heading to Israel
Ant Group offers to buy back shares at big discount, China’s car sales slow in price war’s wake
· China’s Car Sales Slow as Price War Disrupts Market
Passenger vehicle sales may be slightly up from a year ago, but figures are still lower than the same period in 2021, new industry data shows
· Fosun Partners with Rongcan Biotech to Eye Alternatives to Develop mRNA Drugs
Sources say deal may be a failsafe if German BioNTech fails to receive approval for the Chinese mainland
· China’s Mutual Funds Slash Fees to Encourage Investor Participation
19 firms have cut fees on almost 1,600 products in response to new plan from regulators
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This article was generated by Caixin Automation.
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