China’s benchmark Shanghai Composite Index (000001.SH) gained 0.57% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 0.23%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.46% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.07%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Giant Pandas Join the List of China-U.S. Flashpoints
Republican congresswoman proposes keeping cubs born in America, threatening 50-year-old ‘Panda Diplomacy’ tradition
· Private Equity Giant Hillhouse Gobbles Up Shares in NEV-Makers, Ditches Alibaba, Bilibili
Firm’s holdings in Li Auto and Xpeng surged in fourth quarter, fund management arm’s latest U.S. filing shows
· Tech Insider: Unisoc Boots Chairman, Didi Slashes Jobs
Another Apple supplier pushes into vehicle-making, chip startup denies infringing on Dutch giant’s IP
· China Makes Example of Peddlers of Phony Olympic Mascot Merch
One maker of counterfeit Bing Dwen Dwen and Shuey Rhon Rhon toys has been jailed, as the authorities step up intellectual property protection of the popular characters
· Trip.com Announces Flexible Work Policy
From March 1, employees of the Chinese travel agency can apply to work remotely for up to two days a week
· Trending in China: Outpouring of Affection for Japanese Figure Skating Star
Yuzuru Hanyu finished fourth at this year’s Games, but the previous two-time Olympic champion was No. 1 in the hearts of many Chinese fans
· Energy Insider: Xpeng Makes Foray Into European Market
Wind power turbine prices drop 20% in three months; Apple supplier Luxshare jumps into carmaking; CATL works on output of sodium ion battery
· Zhong Ou Health-Care Fund Falls Out of Alipay Top 10 After Ranking No. 1
Star manager Ge Lan’s $5.35 billion fund stays in other weekly rankings, raising questions about how Alipay picks the funds for its top-seller lists
· In Depth: Will Subsidized Housing Stabilize the Real Estate Industry?
Though authorities are making it a priority for the 14th Five-Year Plan, property market experts project a muted effect
· BlackRock Unit Gets Green Light to Join Personal Pension Trial in China
U.S. asset manager’s joint venture will sell retirement wealth management products in Guangzhou and Chengdu for a one year trial period
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This article was generated by Caixin Automation.
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