China’s benchmark Shanghai Composite Index (000001.SH) closed nearly flat on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 0.47%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.31% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.44%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Loongson Must Pay CIP $3.21 Million in Royalties
Arbitration ruling resolves four-year dispute
· Ex-PBOC Governor Rebuts Criticism of Belt and Road Financing as ‘Debt-Trap’
Accusations stem from ‘political tendency to smear China,’ Zhou said
· China’s State Grid Champions Global Cooperation for Green Energy Transition
Research collaboration and interconnection of energy infrastructure between China and its neighbors are among areas that could benefit, Chairman Xin Baoan tells Summer Davos
· Tech Insider: Alibaba’s Restructuring Hurdles, Oppo’s Dashed Chipmaking Dreams
German flying-car maker Lilium to set up Shenzhen office, Shein seeks to shift supply chains beyond China
· U.S. Costco Stores to Start Selling Genki Forest Drinks, Source Says
Products to go on sale from next week as Chinese beverage-maker looks to accelerate global expansion, including in Southeast Asia
· China’s Premier Warns Other Countries Against Politicizing Business Risks
Li Qiang’s comments at Summer Davos comes amid calls for ‘de-risking’ from China
· Five Things to Know About China’s Lackluster Credit Demand
Bank lending to private companies and individuals has been sluggish, denting policymakers’ hopes for a boost to the economic recovery
· China Zeros In on Unemployed Youth With Six-Month Job Skills Campaign
The program will be open to college graduates still looking for work, as well as anyone aged 16 to 24 who has lost a job and is registered as unemployed
· China Tightens Grip on Markets After Selloff in Currency, Stocks
PBOC steps up support for slumping yuan by setting the daily reference rate far stronger than estimates
· Crypto Firm Circle Eyeing Hong Kong Policies With Focus on Asia
The issuer of USD Coin, the world’s second-largest stablecoin, says the new rules may set the tone for digital asset market growth on the Chinese mainland.
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This article was generated by Caixin Automation.
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