China’s benchmark Shanghai Composite Index (000001.SH) gained 0.68% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 0.82%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) ended nearly flat for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.85%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China Deploys Asset Management Giants in Cleaning Up Small Banks
Top banking regulator presses AMCs to play a greater role in reducing risks related to nonperforming assets of small and medium-sized banks
· Tencent, NetEase Miss Out in China’s New Game Approvals
Regulators clear 60 online games in this year’s second batch of authorizations, spurring optimism that authorities will allow more new releases
· China to Sell $3.46 Billion of Treasury Bonds in Hong Kong
Borrowings will top last year’s total and mark the 14th straight year for the Finance Ministry to raise funds in Hong Kong
· Shanghai Trucking Shortage and Port Delays Ease
Coming out of Covid lockdowns, world’s largest port records gains in freight handling although major hurdles remain
· Bank of China Joins Four Global Institutions in Green Banking Initiative
Cornerstone banks also include Citigroup, Credit Agricole, HSBC and Standard Chartered in project led by Hong Kong Monetary Authority and International Finance Corporation
· Court Ruling Triggers Debate on Assisted Reproductive Rights of Single Women
In a landmark judgment, a Central China court recognizes a widow’s right to receive frozen embryo transfer
· Tech Insider: Bilibili Slashes Jobs, Didi Surges on Promising News
Ant Group launches digital bank in Singapore, Douyin reports bumper growth in key sales metric
· China’s Polluting Industries Allowed to Issue Bonds to Fund Low-Carbon Transition
Proceeds should go toward projects that further the green transformation efforts of industries including construction materials, steelmaking and petrochemicals
· Another Promising Sign for Lithium: Rising Leveraged Bets on Miners
Investors have been buying up shares of the companies with borrowed money over the past two weeks, with Tianqi Lithium topping a recent margin trading list
· Trending in China: Ambulance Dispatcher Sacked Over Sick Student’s Death
Misjudgment by emergency services staff led to the severity of the student’s illness being missed, local authorities say
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This article was generated by Caixin Automation.
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