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

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