China’s benchmark Shanghai Composite Index (000001.SH) gained 0.93% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 1.9%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 3.98% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 2.82%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Analysis: How Hong Kong Failed to Maintain ‘Zero Covid’
While the city’s epidemic control system could handle smaller outbreaks, it was quickly overwhelmed when case numbers spiked this month
· Opinion: How the Ukraine Crisis Will Affect the Yuan and Other Currencies
Currencies with a high correlation with risk assets like stocks, as well as those of countries that do a lot of trade with Russia, will bear the brunt of escalation
· Wang Shuo: How Putin Is Taking Slices of the West’s Sausage in Ukraine
No step in a series of appeasements seems worth a confrontation — until the final one does
· Beijing Firm Seeking Control of Ukrainian Engine Giants Goes Bankrupt
Court names law firm to wind down Beijing Xinwei whose bid for Ukraine’s Motor Sich founders on national security concerns
· Former Boss of Citic Bank Admits Taking $154 Million of Bribes
Sun Deshun pleads guilty at trial to using his position at several state-owned banks to offer favorable loans to businesses including HNA
· Global LNG Supply Will Fall 100 Million Tons Short by Mid-2020s
As China becomes the world’s biggest liquefied natural gas importer, global giant Shell makes projection reflecting surging demand and limited supply growth
· Opinion: Ukraine Crisis Risks Undermining China's Relationship With EU
While strategically aligned with Russia, Beijing can’t afford to risk further damage to relations amid rising competition with the U.S.
Zhong Nanshan recommends the city ‘put people’s lives and health first’ when making plans for controlling the pandemic
· Cathay Pacific Competitor Approved to Fly Out of Hong Kong
Greater Bay Airlines obtains five-year license to operate flights in a city whose airline industry has been ravaged by the pandemic
· China Expands Private Pension Pilot Program
Trial will be run nationwide, and pension companies will, for the first time, be allowed to participate alongside the six insurers in the initial pilot
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This article was generated by Caixin Automation.
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