China’s benchmark Shanghai Composite Index (000001.SH) gained 0.85% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 1.72%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 2.67% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 2.47%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Trending in China: Panda Twins Born in France
Giant panda Huanhuan gave birth to twin cubs at the Beauval Zoo in central France early Monday
· Wuhan to Test 12 Million People After Virus Resurfaces
Seven local infections in two days are the first since June 2020 in the Chinese city hardest hit by the pandemic
· Charles Li’s Next Act: Investing in Small Businesses
Former chief of Hong Kong exchange links up with private equity investor Zhang Gaobo to launch Micro Connect platform steering funds to Chinese entrepreneurs
· Self-Driving Truck Startup Inceptio Raises $270 Million
JD Logistics, Meituan and PAG lead B round of financing as Chinese company aims to launch its first model in a crowded field by year-end
· Chinese Tutoring Firms Cancel Earnings Releases Amid Regulatory Crackdown
New Oriental and TAL Education scrap quarterly disclosures and calls with investors
· Devastated by Flooding, Central China Province Now Faces Covid Outbreak
Flare-up that started with delta variant case imported from Myanmar has surged to 78 infections over four days
· Henan Floods to Cost Insurers Billions
Much of the payout is expected to come from auto claims, as insurers were ordered to include flood damage in policies last year
· State Media Commentary That Sunk Gaming Shares Removed, Then Restored With Less Gusto
The commentary, which was taken down and then restored with gentler language, said gaming addiction was harming children’s academic and personal development
Chinese game company employee reportedly dies during overtime and British scientists say new Covid strains will emerge that will beat current vaccines
· Cover Story: The Rocky Road of the Tokyo Olympics
Pandemic controversies, scandals and red ink after a year-long delay may make it tougher to attract cities to host future games
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This article was generated by Caixin Automation.
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