China’s benchmark Shanghai Composite Index (000001.SH) gained 1.8% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 1.0%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.07% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.51%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Study Suggests 20% Sugar-heavy Drinks Tax to Curb Surging Child Obesity in China
Study extrapolates the enormous cost to China of obesity in children over their lifetime and calls for measures to tackle the problem
· Chinese Developer Kaisa Group’s Soccer Club Disbands from Debt
Shenzhen Football club, winners of the first Chinese Super League, has been forced to close by mounting debts after failing to obtain a license
· China Revives Shelved Voluntary Carbon Credits Scheme
Four firms including China General Nuclear Power and State Power Investment pledge to follow compliance rules, develop projects and participate in trading
· Exclusive: Chinese Financial Giant Citic Picks New Vice President
Zeng Qi, formerly head of ICBC’s retail banking division, now supervises the conglomerate’s securities, life insurance and business coordination units
· Landslide Kills at Least 20 in Southwest China
Another 24 people remained missing as of Tuesday afternoon following the disaster in Yunnan province
· Tech Insider: Factory Innovation’s Drivers, Huawei’s Dongfeng Tie-Up
EV startup to get CATL’s new fast-charging battery, Nvidia CEO makes first China tour in years
· Extreme Weather Took Toll on North China’s Grain Output in 2023
Production fell by 2.4% in Henan last year due largely to a nonstop week of rain, while severe flooding caused a 1.4% drop in Hebei
· China’s Premier Calls for More Effective Measures to Stabilize Stock Market
State Council says China needs to strengthen capital market rules and to persuade funds to invest in stock to maintain the economic recovery
· Huawei in Partnership with Dongfeng’s Luxury NEV Unit Voyah
Huawei’s partnership with Voyah is its latest move as it seeks to become a world-class leader in the intelligent-driving field
· Chinese Sovereign Wealth Fund CIC to Promote New President, Sources Say
Executive Vice President Liu Haoling is set to replace Ju Weimin, people with knowledge of the matter tell Caixin
Click here to read more of the latest news.
This article was generated by Caixin Automation.
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