China’s benchmark Shanghai Composite Index (000001.SH) lost 0.49% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 0.59%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.38% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.29%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China Calls for Severe Punishments after Kidnapped Victims Murdered in Philippines
Chinese citizen and colleague suspected of being lured to Philippines and killed by criminal gang
· Former Ningxia State Asset Investment Boss Under Investigation
Probe into Zhao Qihong may be linked to his involvement in Ningxia Financial Asset Management Co., a bad asset manager, sources say
· Spluttering Car Sales Put Pressure on Dealers as China’s Inventory Alert Index Soars
Auto sales fall despite government subsidy program for customers who trade in old cars for new
· Teenage Chinese Badminton Star’s Death Draws Criticism of First Responders
The 17-year-old member of the China national youth team was playing at a tournament in Indonesia when he collapsed due to a suspected cardiac arrest
· PBOC Bond-Borrowing Plan Fuels Expectation of Action to Raise Yields
The central bank will likely sell the bonds to push yields higher in the short term, but investors will still favor government debt until the economic outlook improves, analysts say
· Draft Law Drops Clause That Bans ‘Hurting the Spirit and Feelings of the Chinese Nation’
Change to legislation covering minor offenses comes in response to concerns the wording was excessively vague
· Analysis: Why Kindle Couldn’t Keep the China Fire Burning
Amazon’s e-reader, which just completed its exit from its largest market, failed to tailor its products to local customers as well as its competition
· Hainan Airlines’ Stock Gets Much-Needed Boost From Key Investor
Shares of the Shanghai-listed carrier nosedived in June to a level that could trigger forced delisting
· Caixin Index Shows New Economy Industries’ Biggest Contribution to China in Seven Years
Increases in technology and capital inputs boost performance
CATL’s chief says there’s a better way than tariffs to steer where EV batteries get made, sales of clean energy-powered heavy trucks surge 139%
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This article was generated by Caixin Automation.
