Caixin
May 18, 2022 03:03 PM
FINANCE

Shanghai Composite Index Fell 0.25% on Wednesday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.25% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 0.2%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.36% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.16%.

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

· China’s New Financial Stability Fund Raises $9.59 Billion From Big Banks

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