May 11, 2022 03:03 PM

Shanghai Composite Index Rose 0.75% on Wednesday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.75% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 1.8%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 3.12% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 3.07%.

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

· Key Shanghai Tesla, GM Parts Supplier Closes as Covid Sickens Workers

Wire harness maker Aptiv forced to suspend operations after finding infections among employees living and working in the factory

· Geely Takes One-Third Stake in Renault’s Korean JV

Chinese auto giant invests $207 million, gets two board seats and will provide technology and products for vehicles to hit market in 2024

· Xi, Macron Discuss Ukraine War in Phone Conversation

Chinese and French leaders agree on ‘urgency of reaching a ceasefire’ and urge peace negotiations

· Former Everbright Bank Branch Chief Under Graft Probe

Su Shude, ex-president of Nanning unit, joins parade of Everbright officials ensnared in corruption investigations

· In Depth: Coal, Once a Boon, Turns Chinese Rustbelt City Into a Bust

As the golden years of mining fade, the resource-depleted city of Hegang is struggling to survive

· Tech Insider: TikTok Owner Stokes IPO Speculation, Tough New Livestreaming Rules

Beijing weighs in on India’s Xiaomi asset seizure, CATL approved for $6.7 billion private placement

· Chinese Developer Shimao Sparks Bond Selloff by Seeking One-Year Extension

The property giant will hold a creditors’ meeting next week to vote on the proposal for the three-year bond due May 22

· Former China Supreme Court Judge Handed 14-Year Prison Sentence for Corruption

Wang Linqing accepted some 22 million yuan in bribes and illegally obtained state secrets, a court statement said

· China’s Capital Wants a Bigger Share of NEVs on Its Roads

Beijing plans for the local purchase quota for new-energy vehicles to account for a greater share of the city’s total by 2025

· Nasdaq-Delisted Luckin Coffee Denies It’s Planning Hong Kong IPO

Scandal-dogged Chinese Starbucks challenger says it remains ‘committed to U.S. capital markets’

Click here to read more of the latest news.

This article was generated by Caixin Automation.

Download our app to receive breaking news alerts and read the news on the go.

Follow the Chinese markets in real time with Caixin Global’s new stock database.

Share this article
Open WeChat and scan the QR code
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription