Shanghai Composite Index Fell 0.26% on Wednesday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.26% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 0.86%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.61% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.9%.

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

· China Sets New Risk Rating System for Foreign Bank Operations