Shanghai Composite Index Fell 0.43% on Wednesday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.43% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 0.79%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) ended nearly flat for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.46%.

Below is a rundown of the top China business and finance stories, plus other news for the day:

· Chinese Border City Reports New Covid-19 Outbreak

Ruili discloses nine cases, four of whom are Myanmar nationals, six months after city’s last surge

· Toyota and Beijing SinoHytec Team Up to Make Car Hydrogen Fuel Cells in China

· Hong Kong Logistics Unicorn GogoX Weighs $400 Million IPO

· Chinese Fintech Firm Falls as Much as 13% in Hong Kong Debut

· CX Daily: Douyin Denies Turning a Blind Eye to Dodgy Medical Advertising

FTSE Russell will add Chinese government bonds to its flagship index. Biden picks a veteran China hand as his top Asia envoy

· Agritech Startup XAG Seeks Domestic Listing After $46 Million Fundraising

Maker of farming drones and robots is preparing for initial public offering on Shanghai’s STAR Market, Caixin learned

· Xiaomi Joins Electric Car Race With $10 Billion Investment Plan

Chinese smartphone giant as plenty of dough to go it alone in the new business, billionaire founder Lei Jun says

· U.S.-China Tensions Worsen Chip Crunch, TSMC Chairman Says

National self-sufficiency strategies are ‘economically unrealistic’ and will lead to ‘nonprofitable’ semiconductor capacity, Mark Liu says

· WHO Calls for Further Studies on Origins of Covid-19

Report on expert team’s visit to Wuhan reaches no conclusion and declares that ‘all hypotheses remain on the table’

· China Was the Source of 370 Retracted Scientific Papers, Nature Reports

British journal tallying up fake research since January 2020 blames Chinese ‘paper mills’ that crank out fraudulent manuscripts to order

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This article was generated by Caixin Automation.

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