China’s benchmark Shanghai Composite Index (000001.SH) gained 0.75% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 1.8%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 3.12% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 3.07%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Key Shanghai Tesla, GM Parts Supplier Closes as Covid Sickens Workers
Wire harness maker Aptiv forced to suspend operations after finding infections among employees living and working in the factory
· Geely Takes One-Third Stake in Renault’s Korean JV
Chinese auto giant invests $207 million, gets two board seats and will provide technology and products for vehicles to hit market in 2024
· Xi, Macron Discuss Ukraine War in Phone Conversation
Chinese and French leaders agree on ‘urgency of reaching a ceasefire’ and urge peace negotiations
· Former Everbright Bank Branch Chief Under Graft Probe
Su Shude, ex-president of Nanning unit, joins parade of Everbright officials ensnared in corruption investigations
· In Depth: Coal, Once a Boon, Turns Chinese Rustbelt City Into a Bust
As the golden years of mining fade, the resource-depleted city of Hegang is struggling to survive
· Tech Insider: TikTok Owner Stokes IPO Speculation, Tough New Livestreaming Rules
Beijing weighs in on India’s Xiaomi asset seizure, CATL approved for $6.7 billion private placement
· Chinese Developer Shimao Sparks Bond Selloff by Seeking One-Year Extension
The property giant will hold a creditors’ meeting next week to vote on the proposal for the three-year bond due May 22
· Former China Supreme Court Judge Handed 14-Year Prison Sentence for Corruption
Wang Linqing accepted some 22 million yuan in bribes and illegally obtained state secrets, a court statement said
· China’s Capital Wants a Bigger Share of NEVs on Its Roads
Beijing plans for the local purchase quota for new-energy vehicles to account for a greater share of the city’s total by 2025
· Nasdaq-Delisted Luckin Coffee Denies It’s Planning Hong Kong IPO
Scandal-dogged Chinese Starbucks challenger says it remains ‘committed to U.S. capital markets’
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This article was generated by Caixin Automation.
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