China’s benchmark Shanghai Composite Index (000001.SH) lost 1.35% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 2.07%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.66% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 3.66%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Exclusive: China Huarong Chairman Takes the Reins at Another Bad-Debt Manager
Wang Zhanfeng is heading up state-owned China Orient Asset Management, another ‘Big Four’ AMC
· Private Equity Funds Slow Pace Amid Rising Uncertainties
Fundraising in foreign currencies falls 62.6% to $4.9 billion in first quarter as number of institutions active in generating money falls 57.4%
· China and Solomon Islands Sign Security Pact
Accord aims to assure social stability in South Pacific nation, China’s Foreign Ministry says, though U.S. fears it could lead to a Chinese military base there
· Central SOEs Post Slower Growth in First Quarter
Revenues and profits cool amid the Covid flare-ups and the war in Ukraine, offering a snapshot of the headwinds facing China’s economy.
· Opinion: China’s Covid-19 mRNA Vaccine Challenge
There’s a long way to go in rolling out the advanced shots for China as Western companies control patents and Chinese companies face technological barriers
· Ant Group to Acquire Singaporean Payment Platform 2C2P
Chinese fintech giant is deepening footprint in booming Southeast Asian market
· China’s Top Science Academy Scraps Subscription to Biggest Research Database Over High Prices
The cost of country’s largest academic online library is a heavy burden on the apex research institution, a viral notice and internal emails show
· Opinion: China Is Still Investible, but Skills Needed to Succeed Have Changed
Investing in the country requires paying close attention to policymakers’ long-term vision, so deciphering their signals is now crucial
· Tech Insider: Ant Buys Singapore Fintech, Didi Sets Delisting Vote Date
TSMC reports solid uptick in first-quarter revenue and profit, CATL’s first battery-swapping stations up and running in Xiamen
· Shanghai Supermarkets Begin to Reopen, Though Covid Curbs Keep Many Staff at Home
While 1,000 grocers have restarted operations, most are only fulfilling online orders
Click here to read more of the latest news.
This article was generated by Caixin Automation.
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