Shanghai Composite Index Fell 0.51% on Wednesday
China’s benchmark Shanghai Composite Index (000001.SH) lost 0.51% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 0.23%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.34% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.8%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
Plan to sell A-shares in Shanghai may blaze a trail for HK-traded companies incorporated abroad, but compliance issues mean it may take a while
EVE Energy to set up joint venture making battery materials; PowerChina scores 40% jump in construction contracts
Global antitrust reviews clear merger of China State Shipbuilding and China Shipbuilding Industry to form China Shipping Group
China Great Wall Asset Management’s Liang Qiang named to fill post vacant since December as restructuring report contributes to bond selloff
In the absence of talks to resolve long-running trade spat, U.S. and China are maintaining the status quo
Telecommunications giant is betting on businesses that will tap into two prominent global trends — digital transformation and carbon neutrality
Leading Chinese online music provider’s revenue jumps 24% in first quarter on growth in subscriptions, advertising services
Zhu Yingfu accepted $2.3 million to push career upgrades for more than 60 workers, corruption watchdog says
Although iFast’s Chinese operations are loss-making, its CEO said the nation is poised to become the wealth-management platform’s fastest-growing market
Regulators have reportedly informed Tencent that it should give up exclusive music rights
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