China’s benchmark Shanghai Composite Index (000001.SH) lost 1.3% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 1.47%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.22% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.25%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Trending in China: Xian Property Developer in Hot Water After Drawing Floor Plans on Models’ Backs
· IMF Mulls Creating $650 Billion in Reserves After Yellen Nod
Additional assets would be earmarked for helping developing economies cope with the pandemic
· Macao Halts BioNTech Shots, Citing Vial Defects
The suspension came as Hong Kong halted vaccinations at at least two centers administering the vaccine
· Shanghai to Start Vaccinating Foreign Residents
Metropolis is the first city in China to announce plans to extend access to noncitizens
· Caixin-Sinica Business Brief: Things Get Heated at U.S.-China Talks in Alaska
In this week’s episode: Beijing and the Biden administration finish their first face-to-face meetings in Anchorage; Pinduoduo chairman Colin Huang steps down; and the latest on Vanguard, one of the world’s largest asset managers, and its joint venture with fintech giant Ant Group
· CX Daily: Investors Dump China’s Vape-Makers as Regulators Look to Apply Tobacco Law
China's app operators are banned to collect user data as much as they want. Baidu sees a lackluster debut in Hong Kong
· Geely’s Shanghai Listing Plan Hits the Brakes on Pending Regulatory Approval
CSRC is reportedly questioning carmaker’s tech credentials for STAR Market
· Beijing Probes Banks, Alleging Illegal Loans for Property Speculation
Capital regulator joins other regions to curb overheated housing sector
· Ex-PBOC Adviser Sees Risk of China Outflows Along With Other Emerging Markets
U.S. pandemic relief package prompts investors to sell emerging-market assets
Click here to read more of the latest news.
This article was generated by Caixin Automation.
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