China’s benchmark Shanghai Composite Index (000001.SH) closed nearly flat on Wednesday, as did the Shenzhen Component Index (399001.SZ).
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.51% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.34%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China Calls India Border Situation ‘Generally Stable’
Following clash along disputed Himalayan frontier, the two sides disengaged and are in communication, China says
· Chinese Mainlanders Rush to Macao for mRNA Vaccinations
Lifting of Covid pandemic controls and surge of infections spur demand for advanced vaccine technology that still isn’t approved for mainland China
· Longfor Gets $101 Million of Offshore Loans From Bank of China
Real estate developer becomes the first to tap into a measure intended to help cash-strapped property companies roll over foreign debt
· Chinese Property Tycoon Arrested in London for Suspected Graft
Co-founder of Guangzhou R&F Properties Zhang Li is wanted in the U.S. on charges of providing kickbacks to officials in San Francisco
· Beijing Beefs Up Health Care System to Handle Covid Surge
The capital is building more fever clinics at hospitals and primary care facilities as its medical infrastructure strains after the sudden easing of virus restrictions
· China Allows Online Sales of Pfizer Covid Pill Paxlovid
Patients can buy the antiviral drug after presenting a positive test result
· Tech Insider: Foxconn’s India Challenges, TikTok Twin’s World Cup Legal Loss
China abolishes its travel tracking system, QCraft launches smart driving system based on homegrown chip, and Li Auto reports widening losses
· China to Set Rules for Creating 'Deepfakes'
Platforms that offer face-changing video tech will have to inform users that they must get permission from people whose faces and voices are being altered
· China and Saudi Arabia Agree on $50 Billion of Deals
Saudi investment minister puts a value on a raft of accords signed last week during President Xi Jinping’s state visit, Bloomberg reports
· China Unplugs Travel Tracking System as Covid Curbs Ease
‘Mobile itinerary card,’ which used cellphone data to track individuals’ movements, to be deactivated and personal data deleted
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This article was generated by Caixin Automation.
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