China’s benchmark Shanghai Composite Index (000001.SH) lost 0.82% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 0.39%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.65% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.19%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Fiscal Spending And Monetary Easing Key to Stabilizing China’s Economy, Says Expert
Ultimate aim of adjusting monetary policy is economic stability in the short term, says leading economist
· Freight Rates Plummet as China’s Export Growth Slows and U.S. Inventory Replenished
Early shipments for the Christmas retail season could mean a drop in demand for containers from September
· China Loosens Restrictions on Foreign Investment in Hospitals
A new pilot program will allow wholly foreign-owned medical institutions in eight cities plus Hainan province, the first such trial in a decade
· Delivery Rider’s Death Shines Light on Fierce Competition in China’s Gig Industry
China’s sluggish job market is squeezing delivery riders who are facing ever-longer working hours and growing competition, several drivers tell Caixin
· China Renaissance Shares Plunge as Trading Resumes, Founder Still Missing
The Hong Kong-listed company says it paid around $11 million in ‘restricted amounts’ to an unnamed recipient in connection with Bao, who was detained by Chinese authorities last year to assist with an investigation
· Amid Auditing Scandals, China Promotes Finance Ministry Accounting Chief to Assistant Minister
Accounting industry insiders expected someone with experience of the sector to join the ministry’s leadership, source says, after auditing scandals at listed companies sparked public outcry
· Insurers Receive $18 Million Claims After Super Typhoon Hits Southern China
China counts the cost of devastation left in Typhoon Yagi’s wake
· Indonesia Aims to Woo Chinese Investment in Solar, EV Battery Production
Vice Minister of Foreign Affairs Pahala Nugraha Mansury said lack of solar photovoltaic production has been a ‘bottleneck’
· Finance Movers and Shakers: Sovereign Fund’s New VP, Former Securities Official’s $15 Million Bribes
Highlights of the past fortnight include: Exim Bank to appoint new president, Standard Chartered names new China CEO
· China Opens Printing, Chinese Medicine Industries to Foreign Investment
Update to negative list fulfills pledge to completely open manufacturing sector to overseas players
Click here to read more of the latest news.
This article was generated by Caixin Automation.
