Shanghai Composite Index Rose 0.97% on Wednesday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.97% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 0.79%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.06% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.36%.

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

· Ping An Real Estate Gets $1.1 Billion Credit Line as Debt Pressure Mounts