Shanghai Composite Index fell 0.38% on Wednesday


The Chinese benchmark Shanghai Composite Index (000001.SH) lost 0.38% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 0.73%.

The Shanghai STAR 50 index with a strong technological component (000688.SH) lost 1.01% for the day, while Shenzhen’s similar ChiNext index (399006.SZ) fell 0.87%.

Below is an overview of the top business and financial stories in China, along with other news of the day:

Arrival of risk managers dispatched by the State to the Evergrande headquarters

Management of an indebted conglomerate to report to the Guangdong government task force as part of efforts to defuse the risks

China issues local government borrowing quotas early

Council of State seeks to speed up spending on construction projects to support slowing economy, though some jurisdictions report lower than expected amounts

JD Technology becomes latest fintech giant to raise capital as new rules emerge

Online retailer branch increases share capital in online microcredit business for second time in four months

Summary: China to roll back some of its tougher economic policies in 2022, experts say

Goals such as reshaping the real estate market and reducing carbon emissions have added to the pressure on economic growth

China increases travel restrictions in eastern China as cases rise

More restrictions have been placed on residents of virus-affected towns of Hangzhou, Shaoxing and Ningbo in Zhejiang province, even as more than half a million people remain in quarantine

Tech Insider: Tencent Bank Push, Xiaomi’s Chip Reader

Svolt closes fundraising round, bankruptcy restructuring of Tsinghua Unigroup advances

Tsinghua Unigroup files draft debt restructuring plan for court approval

Chipmaker reportedly secured $ 9.42 billion from strategic investors to help pay off creditors

China and France pledge to strengthen their economic cooperation

Beijing offers words of support for the investments of French financial institutions in the country, during the eighth China-France High Level Economic and Financial Dialogue

Energy Insider: China’s first carbon dioxide electric cycle generator goes live

President Xi Jinping Calls for Determination to Achieve Country’s Double Carbon Targets; Battery materials specialist CNGR invests $ 1.6 billion in lithium iron phosphate project

First Omicron case reported in mainland China

Health authorities in the northern city of Tianjin confirmed a case of variant Covid on Monday, state media say

Click on here for more on the latest news.

This article was generated by Caixin Automation.

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