Caixin
Nov 17, 2021 03:03 PM
FINANCE

Shanghai Composite Index Rose 0.44% on Wednesday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.44% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 0.67%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.05% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.81%.

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

· Nuclear Climate Ambitions to Fall Short Globally

Nuclear technology could play a role in addressing climate change, but it is expensive, complex and controversial

· Opinion: Summit Sets the Right Course for China-U.S. Relations

Following heightened tensions under Trump, Xi and Biden move toward an era of healthy competition without confrontation or conflict

· Buy the Dip or Avoid Risk? Investors Disagree on Chinese Tech Stocks

Hillhouse, Temasek and ARK dump shares amid regulatory crackdowns, but Charlie Munger, Bridgewater and Goldman double down and expand holdings

· BeiGene’s $31 Billion Shanghai Share Sale Wins Approval

With listing on STAR Market, loss-making cancer-drug developer would be the first Chinese biotech to trade shares on the mainland and in Hong Kong and New York

· China Plays Down Stagflation Concerns as Commodity Price Gains Seen Easing

Statistics bureau spokesman says factors boosting producer-price inflation are temporary and economic growth is stable

· China Sketches Out Next Phase in Crypto Mining Crackdown

The National Development and Reform Commission will focus on industrial-scale mines and involvement of state-owned entities

· Courier Giant to List Its Money-Losing Local Delivery Service in Hong Kong

The ‘intracity’ offshoot of Chinese courier service SF Holding hopes to fund its fight for a bigger slice of the competitive logistics market

· Tech Insider: Singapore’s Temasek Halts Investment in China Tech; AutoX Lets Robotaxi Loose in Shenzhen

CATL invests in battery material producer; Sohu.com games return the tech stalwart to profit

· News of Share Sales Sinks Stock Prices of Developer Sunac and Its Services Arm

The listed real estate firm and its subsidiary are raising billions of Hong Kong dollars to stave off the sector's deepening financial problems

· Update: Xi Tells Biden That China and U.S. Should Respect Each Other and Cooperate

In the two leaders’ first virtual summit, the Chinese president says a solid bilateral relationship is needed to safeguard a peaceful international order

Click here to read more of the latest news.

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