Shanghai Composite Index Rose 0.05% on Wednesday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.05% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 0.18%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.22% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.24%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Former Head of China Development Bank Branch Kicked Out of Communist Party
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