Caixin
Apr 28, 2021 03:03 PM
FINANCE

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:

· Huarong Repays Offshore Bond With Help From State-Owned Bank

ICBC’s Singapore branch gives the bad-asset manager a loan to repay the $452 million bond

· Caixin China Biz Roundup: U.S. Eases Travel Restrictions for Chinese Students

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

· Asia’s Climate Stocks Primed for Rebound, Money Managers Say

The euphoria surrounding green stocks after Biden’s election gave way earlier this year to concerns about excessive valuations

· Reporting Deadline Looms for Scores of Hong Kong-Listed Firms

More than 40 Hong Kong-listed companies are just days away from missing final deadlines to report their 2020 results

· Economic Gap Between North and South China Set to Further Widen, Nomura Says

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

· China Outlines Tougher Privacy Protection Rules for Big Tech

Under proposed law on personal information, internet giants would have to set up independent panels to supervise handling of data

· Hong Kong to Reopen Bars, Nightclubs to Vaccinated People

Get a shot, have a drink, authorities offer in an effort to bolster a lackluster inoculation drive

· Vaccine Startup Clover Biopharma Files for Hong Kong IPO

Chengdu-based company developing Covid-19 shot based on recombinant protein technology joins parade of biotechs seeking funds

· Tanker Ship Spills Oil Into Yellow Sea Near China’s Refining Hub

Giant crude carrier was struck by another ship off China’s port of Qingdao, where spill may threaten environment and refining operations

· U.S. Lifts Travel Restrictions on Students From China and Elsewhere

There’s still a big hurdle for those newly enrolling this fall: Visa processing sites are still mostly shut down amid the pandemic

Click here to read more of the latest news.

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