Shanghai Composite Index Rose 0.32% on Wednesday
Below is a rundown of the top China business and finance stories, plus other news for the day:
While the rapidly mutating virus is spreading farther and faster, current vaccines, testing and control measures are still effective, experts say
Shandong to launch seven power storage projects; Baosteel unit plans low-carbon metallurgy project; Zhuhai Port to invest $118.8 million in Tianlun Gas
Authorities continue crackdown on illegal use of personal or business loans to buy real estate in campaign against systemic risks amid roaring property market
Hu Xiaogang, vice president of China Great Wall Asset Management, implicated with former Orient Asset Management colleague Yu Qian as graft buster and banking regulator expand investigations
Weishi will transition to offering clips from longer-form content and build a system to redistribute the work of other creators, the tech giant’s vice president says
Liu Canglong is being held on suspicion of misappropriating funds six months after provincial authorities took over troubled company
New draft law mentions rebates for domestic goods entering the island as duty-free sales surge
The 10 international stories blowing up on Chinese social media include where former Japanese Prime Minister Tojo Hideki’s ashes were scattered, and Apple fined in Brazil for selling iPhones without a power adapter
Accused drug trafficker out on bail to take university entrance exam; eight missing miners found alive
Jacky Lo has spearheaded New York listings for fintech firm OneConnect and Yum China
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