Shanghai Composite Index Rose 0.5% on Wednesday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.5% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 1.08%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.67% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 2.08%.

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

· Exclusive: Electric-Vehicle Maker Xpeng Hopes to Raise $1.8 Billion in Hong Kong IPO

The Chinese company issues guideline price of HK$165 per share ahead of its planned listing in Hong Kong, source says

· China Issues New Requirements for ESG Disclosures

Traded companies will have to report on environmental, social and governance issues in annual financial filings

· Energy Insider: CNPC Sets New Investment Arm for Low-Carbon Initiatives; China’s Largest Oil Refining Complex Makes Progress

China raises refined oil prices for the ninth time this year; Baihetan Hydropower Station puts first two units into operation; China completes Asia’s largest onshore shale oil platform

· Shenzhen Pushes Forward Legislation on Autonomous Vehicles

Wealthy financial center advances China’s first legislation governing intelligent connected vehicles on the road

· In Depth: Wild Elephant Trek Traced to Shrinking Habitat, Experts Say

Deforestation and expansion of rubber plantations has forced wandering herd to migrate further from home

· Chinese CPU Designer Loongson Wants to Raise $500 Million in STAR Market IPO

Company touts its products as challengers to Intel, AMD dominance, but take-up has been slow so far

· Futures Trading Software-Maker Seeks Shenzhen IPO

Webstock plans to issue at least 25% of its enlarged total shares, with proceeds going to expand its business

· In Depth: Hong Kong-Mainland Deal Opens Door to Solving China’s Cross-Border Bankruptcy Issues

Agreement could eventually make it easier for both domestic and foreign creditors to claim an insolvent company’s overseas assets

· Medals for Outstanding Communist Party Members, China Post Speeds Up, 50th Anniversary of Chinese U.N. Membership

Ukraine withdraws from Xinjiang statement, questions raised over Nongfu Spring products

· Update: PBOC Official Tapped to Be Next IMF Deputy Managing Director

Li Bo’s appointment will fill the vacancy that will be left by another veteran of the Chinese central bank

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