China’s benchmark Shanghai Composite Index (000001.SH) gained 0.74% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 0.23%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 2.23% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.54%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Beijing Outlines Plan for Regulating Housing Rents
Capital city may follow Shenzhen in limiting rent increases and tenant deposits while outlawing abuses exposed in collapse of Danke rental platform
· China’s Li Bo Named Deputy Managing Director of IMF
Central bank veteran will oversee the fund’s work in 90 countries as he fills a vacancy left by the expiration in July of Zhang Tao’s term
· Gambling Stocks Surge as Macau Eases Covid Test Rules
Travelers entering from Guangdong must hold negative test results within seven days, a relaxation of 48-hour requirement in place since Aug. 9
· Family Feud at Pork Giant Intensifies as Claims of Founder’s Ousted Son Rejected
WH Group’s board hits back at allegations made by Wan Hongjian after he was removed as a director for misconduct
· Six Things You Should Know About China’s Personal Information Protection Law
The law ‘gives information owners as comprehensive a set of rights as possible,’ a Renmin University law professor says
· Court Sends Former Beijing Judge to Prison for Taking Bribes in Criminal Gang Case
Song Jie was sentenced to four years for her handling of a 2015 case that wrongfully convicted the defendant
· Ex-Head of Hong Kong Monetary Authority Backs Using Yuan to Invest in Hang Seng Index Stocks
Joseph Yam said the move could advance the internationalization of the Chinese currency
· China Seeks to Quell Investors Ganging Up to Drive Down IPO Prices
Compressing quotations in Shanghai’s STAR Market and Shenzhen’s ChiNext has been a recurring problem
East China city launches campaign to crack down on illegal ties between government and business, and Pfizer-BioNTech vaccine gets full approval in U.S.
· JD.com Sees Profit Plunge, but Manages to Boost Revenue Despite Tech Crackdown
Chinese e-commerce giant’s second-quarter net profit slid to 794.3 million yuan from more than 16.4 billion yuan a year earlier as marketing and fulfillment costs ate into its growing income
Click here to read more of the latest news.
This article was generated by Caixin Automation.
Follow the Chinese markets in real time with Caixin Global’s new stock database.
