Shanghai Composite Index Fell 1.15% on Wednesday

China’s benchmark Shanghai Composite Index (000001.SH) lost 1.15% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 1.54%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.0% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.66%.

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

· Former China Railway Czar Sheng Guangzu Sentenced to 15 Years in Prison