Shanghai Composite Index Fell 1.03% on Wednesday

China’s benchmark Shanghai Composite Index (000001.SH) lost 1.03% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 1.41%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.2% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.36%.

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

· Country Garden Affiliated Property Manager Writes Down $576 Million