Shanghai Composite Index Fell 0.17% on Wednesday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.17% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 0.61%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.87% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.12%.

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

· Samsung Workers Protest Shutdown of Ningbo Shipyard

Closing of low-profit operation after 26 years takes place amid shift in Asian shipbuilding as South Korea and China pursue expansion strategies

· Stanford Professors Urge U.S. to Quit Targeting Chinese Scholars

Open letter to attorney general signed by 177 faculty members says Trump-era China Initiative reflects racial profiling

· China to Form New China Power Equipment Group

State Council clears electrical-gear combination of Xidian, Pinggao and Baoguang Vacuum Electronic Apparatus as part of a long-running industry overhaul

· In Depth: The Never-Ending Battle to Curb China’s Hidden Debt

Lenders ordered to close loopholes that are allowing local governments and their financing vehicles to skirt borrowing limits

· Meituan Offers Glimpse Into How Takeout Delivery Times Are Set

Internet giant describes how its algorithms work, promises to tweak them to ease pressure on drivers

· Battery Giant CATL Invests $2 Billion to Boost Lithium-Ion Product Output

New factory will be built in cooperation with the city of Yichun in mineral-rich Jiangxi province

· Update: Former Regulator Who Helped Rescue Stock Market in 2015 Meltdown Dies Amid Graft Probe

Zhang Yujun was put under investigation and removed as assistant chairman of the stock market watchdog in 2015

· Tech Insider: Ximalaya Revives Listing Push Amid Crackdown, Huawei’s Retro Turn, New Robot Unicorn

Meituan reveals how it sets delivery times, Baidu brings robotaxis to Shanghai

· East China Covid Outbreak Spread for 10 Days Before It Was Identified, Chinese Citizens Advised to Stay Home for the Holiday, Unvaccinated TikTokker Urges Vaccinations Before Death

Xiamen reports 32 new Covid cases, Xiaomi acts to prevent phone smuggling abroad

· Beijing Warns Washington Against Recognizing Name Change of Taiwan’s U.S. Office

Switch to ‘Taiwan Representative Office’ would be a violation of ‘One China’ policy, foreign ministry official says

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