Shanghai Composite Index Fell 0.17% on Wednesday
Below is a rundown of the top China business and finance stories, plus other news for the day:
Vessels will cost $2.9 billion and be built by an affiliated shipyard as the state-owned giant expands its fleet amid heavy supply chain demand
Zhang Long, ex-chief of investment and wealth management, joins a lengthening list of managers brought down in anti-corruption probe
Increasing numbers of Chinese insurers are launching health insurance policies targeting people with chronic illnesses, which make up as much as one-fifth of China’s population
The program has so far mostly covered cities, including Shenzhen, Suzhou and Chengdu
S&P Lowers Country Garden’s rating to BB due to the builder’s ‘narrowing liquidity buffer’
China shipped 51.5 gigawatts worth of photovoltaic modules to the continent in the first seven months, 26% more than for the whole of 2021
Three local cadres have been suspended, including a district party secretary and a local police official
Arrest of Citic Financial Leasing chief Guo Fangmeng adds to growing list of detained executives as authorities cast a wide net over $77 billion industry
Private conglomerate unloads $57 million of HK-traded shares of New China Life after Beijing city government warns of risks
Loans aim to restart construction of projects that stalled amid a sector-wide crisis of liquidity and confidence
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