China’s benchmark Shanghai Composite Index (000001.SH) gained 1.11% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 0.72%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.08% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.75%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· U.S. Stocks Regulator Pauses IPOs of Shell Companies Used by Chinese Firms
SEC Chairman Gary Gensler says he has asked staff to require such companies to disclose political and regulatory risk
· HSBC Boosts Asia Expansion With Deal to Buy AXA Singapore
The $575 million purchase will create the city state’s seventh-largest life insurer and fourth-largest retail health insurer
· China’s Regulators Target Unfair Competition With New Rules
Operators will be banned from using big data to influence users, according to the draft rules
· Opinion: Four Questions About the Taliban and China’s Interests in Afghanistan
International affairs scholar Ma Xiaolin discusses whether the political and religious organization will be able to maintain stability after taking over
· Chinese Airports Toughen Up Quarantine Rules for International Flight Staff
The new rules were imposed after clusters in several regions were linked to lax oversight at Nanjing airport
· China Coordinates With U.S. and Russia on Afghan Power Transfer
Beijing calls on Washington to ensure a ‘soft landing’ that can help avoid ‘a new civil war or humanitarian disaster’
· Suspected Anthrax Outbreak Detected in North China
Nine villagers showed symptoms of the infectious disease, including bumps and blisters, state media reported
· Q&A Platform Zhihu Posts 144% Jump in Revenue on Strong Ad and User Growth
Gains attributed to more paying members, young users, and soaring branded content
China says embassy in Afghanistan ‘operating normally’ after Taliban took control, Trump calls on Biden to resign over unfolding crisis in the South Asian country
· Housing Price Growth Slows Across China as Curbs Kick In
July gains in new and existing home values are smaller than in June, after authorities issue hundreds of policy steps to cool the market
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This article was generated by Caixin Automation.
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