Shanghai Composite Index Fell 1.07% on Wednesday

China’s benchmark Shanghai Composite Index (000001.SH) lost 1.07% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 2.57%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 2.88% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 4.18%.

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

· China Says There’s No Radiation Leak at Taishan Nuclear Plant

Environmental tests show radiation is at acceptable levels at the South China facility, as joint venture operator rebuts CNN report of a possible leak

· China Set to Launch Three Astronauts Into Space Thursday

The Shenzhou-12 spacecraft is scheduled to blast off at 9:22 a.m. from the Jiuquan Satellite Launch Center in Inner Mongolia

· Energy Insider: South China Nuclear Plant Denies Leak Reports; 25 People Killed in Hubei Gas Explosion

Yunnan joins the crackdown on cryptocurrency mining; Central Asia’s largest wind power plant to plug in; China deploys the world’s first purely electric bulldozer

· Indebted China Oceanwide’s Shares in Listed Arm Auctioned by Court

Troubled real estate conglomerate faces major shareholding changes as top equity holder is forced to sell stock to cover debts

· Everbright Securities Sues Italian Businessmen Over Failed British Deal

Chinese state-owned brokerage alleges commercial fraud by former owners of defunct British sports media company MP & Silva

· Opinion: China’s Digital Yuan Wallet Designed to Meet Everyone’s Needs

PBOC is building an ecosystem that will create a matrix allowing users to personalize functionality, writes Mu Changchun

· Hong Kong Exchange May Join the SPAC Parade

After seducing Wall Street, controversial special purpose acquisition vehicles stir interest in other major global bourses

· Illegal Discharge by Foreign Vessel in Chinese Waters, Death Toll in Gas Explosion Rises to 25, Guangzhou Eases Covid-19 Lockdowns

Dragon Boat Festival box office hits historical low, and Hubei relaxes restrictions on permanent residency

· Briefing: What China’s Financial Regulators Told Us at the Lujiazui Forum

China’s top watchdogs spoke on inflation, IPOs, the exchange rate and carbon emissions

· Covid-19 Outbreak Kills Six on South African Tour Group; California Drought; Huge New Dinosaur

The 10 international stories popular on Chinese social media include a U.S. dog travel ban and the G-7 summit

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