Caixin
Jul 14, 2021 03:03 PM
FINANCE

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 0.88%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 2.15% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.75%.

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

· China Exports 500 Million Covid-19 Vaccine Doses in First Half

In the face of efficacy and safety concerns, China becomes the world’s top exporter of coronavirus shots as logistics companies ramp up flights

· U.S. Steps Up Surveillance of Chinese Submarines in South China Sea

Americans deployed all five of the Navy’s specialized sub trackers successively for almost all of the first half, a Beijing-based think tank reports

· Energy Insider: China Starts World’s First Commercial Modular Small Reactor

Regulators jack up retail fuel prices again; Xinjiang Daqo New Energy to sell shares on STAR Market; Huadian Energy estimates a first-half loss

· China’s Total Social Financing Growth Slows as Shadow Banking Shrinks

Slower expansion in the first half also reflects a return to normal for bond issuance after a surge last year to counter the pandemic’s economic impact

· Cover Series: The Regulatory Landslide Engulfing Chinese Tech Firms (Part 3)

The latest data security probes may reshape how products are developed for the domestic and overseas markets, experts say

· China’s Rich, Black-Soil Grain Fields Degraded by Over-Cultivation, White Paper Says

Scientists call for better conservation to arrest declining fertility in key arable areas in Northeast China region

· Reg Watch No. 4: The Regulatory Whirlwind That Followed Didi’s IPO

A timeline of Chinese regulators’ moves since the ride-hailing giant went public in the U.S. on June 30

· Fosun Seals Breakthrough Deal to Sell mRNA Vaccines to Taiwan

Shanghai-based drug giant will sell 10 million doses of BioNTech’s cutting-edge Covid-19 vaccine to groups connected to local billionaire Terry Gou, chipmaker TSMC

· Eight Found Dead in Collapsed Hotel, Travel Restrictions for the Unvaccinated, Shanghai’s Record Temperature

Government rejects Tencent-led bid for game streaming merger, and Shanghai raises monthly minimum wage by $18.50

· China Pledges More Support for Trade Even as June Exports Surge

Despite the boom in foreign trade this year, headwinds are growing and policymakers are getting ready to help

Click here to read more of the latest news.

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