China’s benchmark Shanghai Composite Index (000001.SH) gained 0.41% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 0.05%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.68% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.41%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Prime Beijing Office Leasing Plunged 21% in First Quarter
Shaky post-pandemic economy has businesses reluctant to expand even with record-high vacancy and falling rents
· Photo Essay: ‘Patient Companions’ Fill Void in China’s Medical Industry
An aging society, complex consultation processes and an increasing demand for cross-regional treatment have spurred demand for hired health care helpers
Lenovo still top in global PCs despite shipment drop, Huawei upset about Nokia’s sale of stake in tech JV
· China Hit by Yet Another Sandstorm as Capital Chokes in Dust Cloud
The concentration of hazardous PM10 particles in Beijing was more than 20 times the daily maximum recommended by the WHO
· Financial Industry Group Warns of Risks to Using Chatbots
Payment and Clearing Association of China says ‘these intelligent tools have manifested risks including cross-border data leaks’
· China Utility Powers Up South American Presence With Peruvian Purchase
Under the deal, state-owned China Southern Power Grid will acquire two assets in Peru from Italy’s biggest utility Enel for about $2.9 billion
· Insurance Regulator Studies Risk Disposal Rules for Property Insurers
CBIRC official outlines plan to create a mechanism for market-oriented, rule-based, standardized risk reduction
· China’s Passenger Car Sales Dip 13.4% as Price War Rages
Consumer hesitancy and end of government incentives last year result in first-quarter decline for the world’s largest auto market
· Geopolitics, Lack of Manpower Fuel Turbulent Revival for China’s International Air Travel
Lengthy negotiations between regulators, and time needed for airlines and airports to build back capacity are also hobbling a speedy recovery
· Opinion: A Large Voucher Rollout Is Feasible Solution to Spur China’s Consumption
Issuing 300 billion yuan of vouchers can increase domestic consumption by as much as 1 trillion yuan
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This article was generated by Caixin Automation.
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