Shanghai Composite Index Ended Nearly Flat on Wednesday

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China’s benchmark Shanghai Composite Index (000001.SH) closed nearly flat on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 0.26%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 2.53% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.05%.

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

· Rate Cuts on Existing Home Loans ‘Highly Probable,’ China Merchants Says

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