China’s benchmark Shanghai Composite Index (000001.SH) gained 2.06% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 3.37%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 4.7% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 3.51%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Politburo Promises New Measures to Tackle Local Debt Risks and Clear Economic Hurdles
Leaders call for powerful macro policies to boost consumption and expand domestic spending
· China Securities Regulator Names Law Enforcement Chief as Vice Chairman
Li Ming has held various positions in the CSRC and takes over from Fang Xinghai who has reached retirement age
· China to Finalize Looser Controls on Human Genetic Material This Year
National Health Commission plans to complete the revisions amid complaints that current restrictions are choking innovation
China boosts subsidies for vehicle trade-ins, WeRide files for biggest Chinese U.S. IPO by a Chinese firm since Didi
· China’s Giant Invests $690 Million in Dry Docks as Tide Turns For Shipbuilding
China’s state shipbuilder increases shipyard capacity to meet soaring demand
· Olympics Games Boost Air Travel Between China and France
Surge in trips to Paris to watch Team China in Action but flights still not back to pre-pandemic levels
· China Must Resolve Real Estate Crisis and Not Rely on Exports Alone, Expert Warns
Three downward spirals in the real estate sector are holding back China’s recovery, says Nomura’s chief economist
· Hong Kong Pre-Owned Property Prices Hit Eight-Year Low
While house prices continue to fall, the rental market remains robust potentially boosting investor interest
· Chinese Brokerage Tries to Control Damage After Intern Leaks Confidential Information
China Securities says it will work to mitigate impact of viral videos, in which the student also showed off his lavish lifestyle
· Creditors of Two Evergrande EV Units Start Bankruptcy Process
The application is the latest blow to the automaker, which has struggled to consistently produce vehicles as its property-developer parent collapsed
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This article was generated by Caixin Automation.
