China’s benchmark Shanghai Composite Index (000001.SH) gained 0.44% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 0.67%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.05% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.81%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Nuclear Climate Ambitions to Fall Short Globally
Nuclear technology could play a role in addressing climate change, but it is expensive, complex and controversial
· Opinion: Summit Sets the Right Course for China-U.S. Relations
Following heightened tensions under Trump, Xi and Biden move toward an era of healthy competition without confrontation or conflict
· Buy the Dip or Avoid Risk? Investors Disagree on Chinese Tech Stocks
Hillhouse, Temasek and ARK dump shares amid regulatory crackdowns, but Charlie Munger, Bridgewater and Goldman double down and expand holdings
· BeiGene’s $31 Billion Shanghai Share Sale Wins Approval
With listing on STAR Market, loss-making cancer-drug developer would be the first Chinese biotech to trade shares on the mainland and in Hong Kong and New York
· China Plays Down Stagflation Concerns as Commodity Price Gains Seen Easing
Statistics bureau spokesman says factors boosting producer-price inflation are temporary and economic growth is stable
· China Sketches Out Next Phase in Crypto Mining Crackdown
The National Development and Reform Commission will focus on industrial-scale mines and involvement of state-owned entities
· Courier Giant to List Its Money-Losing Local Delivery Service in Hong Kong
The ‘intracity’ offshoot of Chinese courier service SF Holding hopes to fund its fight for a bigger slice of the competitive logistics market
CATL invests in battery material producer; Sohu.com games return the tech stalwart to profit
· News of Share Sales Sinks Stock Prices of Developer Sunac and Its Services Arm
The listed real estate firm and its subsidiary are raising billions of Hong Kong dollars to stave off the sector's deepening financial problems
· Update: Xi Tells Biden That China and U.S. Should Respect Each Other and Cooperate
In the two leaders’ first virtual summit, the Chinese president says a solid bilateral relationship is needed to safeguard a peaceful international order
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This article was generated by Caixin Automation.
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