China’s benchmark Shanghai Composite Index (000001.SH) lost 0.82% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 1.6%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 2.98% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 2.25%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Foreign Investors Cut China Bond Holdings at Record Pace
March unwinding after February decline reflects vanishing yield advantage over the U.S. and concerns about rising geopolitical risk
· Lithium Price Drops First Time in Eight Months Amid Covid Disruptions
Extended pandemic lockdowns by automakers weighs on demand as rising supplies work to stabilize the market
· CNOOC Kicks Off Subscription for $5.1 Billion Shanghai IPO
State oil giant selling more than 5% of its equity plans to use proceeds for global project development including fields in Guangdong and Guyana
· Traffic on China’s Expanded Europe Stock Connect Is One-Way So Far
Four Chinese companies have announced plans to list in Switzerland but the program has so far generated no interest from European firms
· China Slashes Quarantines for Travelers in Covid Control Trial
International arrivals will face 10 days of isolation instead of 14 in four-week test involving Shanghai, Guangzhou and six other cities
Beijing’s goal of building a unified national market does not equate to a planned economy, but rather points toward common market standards and rules
· Plight of Shanghai’s Covid Patients Doesn’t End With Recovery
Even after being released from hospitals, some returning residents run into new obstacles trying to get into their residential communities, if they can get there at all
· Shanghai Warns Food Suppliers Against Pandemic Profiteering
One resident said vegetable prices had doubled, while the market watchdog announced it has already punished some suppliers
· Tech Insider: Meituan Tightens Belt, Video Game Licensing Freeze Ends
Senior exec leaves AI surveillance firm UCloud, Zhihu seeks Hong Kong listing
· Exclusive: Former Shenzhen Head of China Construction Bank Taken Away by Graft Busters
Wang Ye, who ran the lender’s operations in the southern boomtown, is the latest executive of the state-owned giant to land in hot water with anti-corruption authorities
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.
