Shanghai Composite Index Rose 0.84% on Wednesday
Below is a rundown of the top China business and finance stories, plus other news for the day:
City of 14 million launches mass testing, turning up 97 Covid infections, and requires negative test results and approval from authorities for leaving town
State-backed regional institution raising $319 million in Shenzhen Stock Exchange becomes first publicly traded bank to sell undervalued stock in a tepid market for such shares
Ren Zeping's proposal to put a price on solving China's falling birth rate problem triggered heated debate online
Xpeng invests in lidar-maker Zvision, chipmaker TSMC reports record monthly sales
Local governments have tightened oversight to ensure the funds are used for finishing the relevant housing projects amid concerns over the possibility of social unrest
Some 49.3% of respondents in a survey of 20,000 graduates across the country secured a job in the civil service, public institutions and state-owned enterprises
Hong Kong-based Bank of East Asia says the subsidiary has since rectified the issues, noting that it ‘places high emphasis on compliance’
Amended regulations cover a variety of issues, including company management, shares sales, use of funds and trade suspensions
The troubled real estate developer has moved most of its headquarters staff to its old home in Guangzhou
The province has demolished hundreds of buildings illegally built on ecologically sensitive land, as it combats local corruption to preserve its environment
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