China’s benchmark Shanghai Composite Index (000001.SH) gained 0.14% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 0.38%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.51% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.46%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China Stands Ready to Partner With Russia on Security Threats, Military Official Says
Central Military Commission Vice Chairman Zhang Youxia made the remark during the 10th Beijing Xiangshan Forum
· Caixin Explains: China Concludes Sixth Top Financial Meeting to Tackle New Challenges
Under President Xi, financial work conference seeks more functional financial system to support economy; China sets action to strengthen regulation, optimize financial services, limit risks
· Social Media Platforms Tell Popular Influencers to Show Real Names
New disclosure requirement takes aim at online misinformation, other abuses; rule applies to self-media with many followers, focusing on public affairs, not daily personal life
· Former Qingdao Political Advisory Head Charged with Corruption
Ji Binchang, the 59-year-old former top political advisor of Qingdao city, is facing charges of corruption over a 23-year period in official roles
· Cities Issue Alerts as Smog Returns to North China
Beijing and Tianjin are among 20 cities in the region announcing warnings for heavy air pollution that will last until Thursday
· Neta Auto Follows BYD, Geely in Rush to Sell Electric Vehicles in UAE
The EV brand of Hozon New Energy Auto has partnered with UAE car dealer EIH Automotive & Trading to bring its flagship models to the major importer of Chinese cars
· Tech Insider: Fast-Fashion Retailer Shein Buys U.K. Rival, Huawei Profits Soar
Three major Chinese carmakers subject to EU anti-subsidy probe, iPhone 15’s lackluster China sales, BYD posts record profit
· China’s Banks Gear Up to Expand Private Pensions Trial
Lenders including ICBC and Huaxia Bank, have launched services for customers outside the three dozen pilot areas
· Li Keqiang’s Remains to Be Cremated in Beijing on Thursday
National flags will also fly at half-mast at sites including Tiananmen Square, government buildings across the country and embassies overseas to mourn the former premier
· Top Stories of the Month: Chinese Local Governments’ Latest Effort to Tackle ‘Hidden Debt’
Nine provincial-level governments plan to raise a combined $56 billion through special bonds to swap their implicit liabilities, bringing them onto the books
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This article was generated by Caixin Automation.
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