China’s benchmark Shanghai Composite Index (000001.SH) closed nearly flat on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 0.33%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.73% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.54%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· British Airways Resumes Service to China After Two-Year Hiatus
U.K. flag carrier reinstates daily London-Shanghai passenger flight for the first time since late 2020
· Evergrande NEV Dumps Property Assets to Focus on Carmaking
Offloading predecessor company’s mostly health-related projects will get $3.6 billion of liabilities off the electric car unit’s balance sheet
· Cosco’s Egypt Terminal Project Enters Antitrust Review
Chinese shipping giant and partners Hutchison Ports and France’s CMA CGM plan to co-develop and operate a container unit at the Suez Canal
· China Maps Out Plan to Bolster Foreign Trade
State Council vows streamlined visas, faster international flight resumption and better services for trading companies in push to bolster exports
· Analysis: Politburo Set to Boost Focus on Consumption, Employment
China’s economic recovery is uneven, but leaders are likely to push for better policy implementation rather than more stimulus, Sinolink Securities’ chief economist says
· Chinese Nationals Evacuated From Conflict-Hit Sudan
The group was taken to an undisclosed neighboring country as fighting between state and paramilitary forces rages on in the northeast African nation
· In Depth: China’s Struggle to Unify Localized Health Insurance
The uneven distribution of resources is a major cause of domestic medical tourism, which is straining reform efforts in a system already tied up in red tape
· Opinion: Japan’s G-7 High Wire Act
Japan will have to push an agenda that can effectively engage with China, keep the U.S. in a productive role in the global economy, and involve emerging market nations
· Chinese Embassy in France Plays Down Ambassador Lu’s Remarks on Ex-Soviet States
The diplomat’s comments, which cast doubt on the sovereignty of Ukraine, were ‘personal points of view,’ not policy, embassy says
· Private Equity Firm Is Said to Take Over Tomorrow-Linked Huaxia Life Assets
State-owned company forms $4.91 billion fund with 11 insurers to dispose of risk assets of business seized by Chinese regulators
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.
