China’s benchmark Shanghai Composite Index (000001.SH) gained 0.08% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 0.24%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.59% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.91%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· In Depth: Chinese Chipmaking Upstarts Race to Rival Nvidia
Raising billions of dollars from investors, Iluvatar CoreX, Biren Technology, MetaX and Moore Threads bet on next-generation chips for AI
· Nanjing Airport Officials Probed as Outbreaks Spread
Eastern Airport Group Chairman Feng Jun and general manager Xu Yong join three others investigated for poor pandemic control
· In Depth: China Experiments With Leniency When Prosecuting Companies
A national pilot program that aims to balance holding scofflaw firms accountable with giving worthy ones a second chance has sparked questions about the cost of leniency
· Evergrande NEV’s Losses Almost Double, but Report of Sale Pushes Up Share Price
Group reported to be in talks to offload stake as new-energy vehicle business predicts $740 million loss in first half
Japanese prime minister’s approval rating hits record low after Olympics and Israeli drug shows 90% effectiveness against severe Covid cases in trials
· Lawyers Detained for Circulating Courtroom Video of Prosecutor’s Error
Attorneys held on suspicion of ‘picking quarrels and provoking trouble’ in relation to 2020 loan fraud case in Northeast China city
· Action Urged to Help Children With Growing Rates of Depression Amid Pandemic
Policymakers should pay more attention to cognitive coping strategies especially among rural children, State Council adviser Wu Fan says
· China Recalls Ambassador to Lithuania Over ‘Taiwan Representative Office’
Beijing also asks Vilnius to recall its envoy after Baltic nation crossed sovereignty ‘red line’
· China’s Box Office Flops as Covid Flare-Ups Curb Screenings
Weekly ticket sales at Chinese cinemas in August drop by nearly 30%, adding pain to an already gloomy year
· Review Started on Standard Chartered’s Application to Open Wholly Owned Brokerage in China
The country has given the green light to at least eight foreign institutions to either set up foreign-controlled securities firms or take controlling stakes in existing ventures
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This article was generated by Caixin Automation.
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