Shanghai Composite Index Rose 0.42% on Wednesday
China’s benchmark Shanghai Composite Index (000001.SH) gained 0.42% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 0.94%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.94% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 2.16%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
ICBC’s Singapore branch gives the bad-asset manager a loan to repay the $452 million bond
In today’s episode: although Washington has rolled back disease control measures for certain countries, obtaining a student visa amid ongoing embassy and consulate shutdowns remains tricky; China’s Mars rover could land on the red planet in less than a month; and regulators get tough on copyright infringements on short video platforms
The euphoria surrounding green stocks after Biden’s election gave way earlier this year to concerns about excessive valuations
More than 40 Hong Kong-listed companies are just days away from missing final deadlines to report their 2020 results
Regional divide has grown over the past decade, with North’s share of the economy shrinking to 35.2% last year from 42.9% in 2012
Under proposed law on personal information, internet giants would have to set up independent panels to supervise handling of data
Get a shot, have a drink, authorities offer in an effort to bolster a lackluster inoculation drive
Chengdu-based company developing Covid-19 shot based on recombinant protein technology joins parade of biotechs seeking funds
Giant crude carrier was struck by another ship off China’s port of Qingdao, where spill may threaten environment and refining operations
There’s still a big hurdle for those newly enrolling this fall: Visa processing sites are still mostly shut down amid the pandemic
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