China’s benchmark Shanghai Composite Index (000001.SH) gained 0.97% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 0.79%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.06% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.36%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Ping An Real Estate Gets $1.1 Billion Credit Line as Debt Pressure Mounts
Lifeline for property investment arm of Ping An Insurance as it comes under liquidity pressure in China’s housing slump
· NDRC Mulls Funding Support to Boost Private Investment
Economic planning body aims to provide financial help to regional welfare projects that attract private investment
· Relatives of Capsized Fishing Boat Crew Travel to Taiwan to Bring Back Survivors
The two surviving mainland fishermen were detained after their boat turned over during a pursuit with the island’s coast guard last week
· EU Launches Anti-Subsidy Probe on CRRC Unit in Bulgarian Train Deal
Worst outcome of EU investigation could see locomotive unit blocked from $657 million electric train contract, warn legal experts
· Chinese Leaders Stress Deepening Reform to Address Challenges
Xi Jinping emphasizes need to improve land management systems to enhance regional development and support innovation
· Former BOC Chief Charged for Bribery, Illegal Loan Issuance
Former bank chairman accused of taking huge amounts in bribes is the latest financial veteran caught in anti-corruption net
· Q&A: Summers Draws Line on Use of U.S. Export Controls Against China
In an interview with Caixin, the former American Treasury secretary shares his views on problems facing China’s economy, relations between Beijing and Washington, and the promise of AI
· Commentary: Four Snapshots of China’s Economy Taken on Holiday Trips Home
An unscientific survey offers a glimpse of what Chinese outside the big cities are thinking about global trade, youth employment and consumer spending
· BYD Unveils Plan to Boost Brand Image, Global Reach
The leading Chinese EV-maker will launch a series of ‘high-end luxury models’ to further expand in the premium car market
· Provincial Party Leaders Urge Change of Mindset to Foster a Better Class of Growth
Hunan’s party committee launched a ‘great discussion’ on ‘emancipation of the mind’ to break the rigid ways of thinking that stand in the way of breakthroughs in reform
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This article was generated by Caixin Automation.
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