China’s benchmark Shanghai Composite Index (000001.SH) gained 1.16% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 1.21%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) ended nearly flat for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.62%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Commentary: China’s Stimulus Package Exceeds Expectations, But What Comes Next?
China’s monetary easing measures went further than markets expected.Now investors want fiscal measures to match
· China Creates New State Giant to Turn Waste Into Resources
Waste not, want not will be mantra of China’s 98th state enterprise
· Briefing: Beijing Opposes Washington’s Proposed Smart Car Ban
U.S Energy Department earmarks $3 billion to support local battery manufacturing in challenge to China, Taipei woman suspected of luring two Chinese company executives to their deaths in the Philippines has been arrested
· Beijing, Tokyo Reaffirm Ties After Fatal Stabbing of Japanese Schoolboy
China does not ‘teach its people to hate Japan,’ foreign ministry says, as Tokyo urges Beijing to stamp out anti-Japanese social media posts
· Update: China’s Fresh Stimulus Targets Property and Stock Market Challenges
Economists say the new measures won’t be enough to reverse the economic slowdown, calling for strong fiscal action
· Analysis: What Is Driving Down China’s Crude Demand?
The popularity of new energy vehicles coupled with an economic slowdown means China’s demand for crude oil may have peaked
· Briefing: More Fallout From Deadly Stabbing of Japanese Schoolboy
China’s urban youth unemployment breaks record for second straight month, PBOC cuts short-term rate ahead of holiday
· Finance Movers and Shakers: China’s New Assistant Finance Minister, PwC’s Damage Control
Highlights of the past fortnight include: Canadian insurer hires former Ping An co-chief, ex-ICBC anti-graft boss pleads guilty to accepting bribes
· Japanese Firms Offer to Move Staff out of China After Deadly Stabbing
Panasonic will arrange to send workers and their relatives back to Japan as needed as concerns about safety grow after a 10-year-old schoolboy was killed in Shenzhen
· Volkswagen’s China JV Weighs Shuttering Car Plant as It Accelerates Shift to EVs
Closing the Nanjing plant would be part of efforts by SAIC Volkswagen to ‘upgrade and optimize’ its carmaking capacity as demand for electric cars outpaces fuel-powered vehicles
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This article was generated by Caixin Automation.
