China’s benchmark Shanghai Composite Index (000001.SH) closed nearly flat on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.15%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.14% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.47%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· In Depth: China’s Ambition to Build a Financial Powerhouse
Top-level conference puts Communist Party front and center as China takes on slowing growth, rising government debt and slumping property and stock markets
· Aramco Ups Investment in Refining and Petrochemical Facilities in China
The country is crucial for the Saudi oil giant to create ‘new pathways for growth,’ senior executive says
· Saudi Arabia Looks to China to Help Build Up Its Renewables Industry
The Gulf state has huge demand for solar panels, wind turbines and batteries, and Chinese companies are the natural choice to supply both technology and expertise, Saudi Public Investment Fund executive says
· China, U.S. Hold Talks on Maritime Security
Both sides call for strengthening communications to ‘avoid misunderstanding and misjudgment’
· Cover Story: The Miracle and Mirage of Weight Loss Drugs
With more than half the adult population of China overweight or obese, the rush is on to secure prescriptions for drugs like semaglutide – better known as Ozempic
· Former ICBC Vice President Under Investigation for Suspected Corruption
Zhang Hongli has extensive international experience, having also worked for Goldman Sachs and Deutsch Bank
· Cross-Border Central Bank Digital Currency Trial Adopts Blockchain to Protect Privacy
In the experimental system, all sensitive data are protected by the technology, says a Chinese official
· U.S. Agriculture Department to Debut at China’s Largest Import Fair
The USDA will co-host the official U.S. pavilion at the China International Import Expo with AmCham Shanghai as Washington seeks to boost farm sales
· Central Bank Vows to Bolster Real Economy Through Efficient Lending
In response to policy calls from the Central Financial Work Conference, PBOC says it will maintain stable monetary policy and exchange rates
· Tweaks to Beijing Stock Exchange Set Off IPO Boom
Revisions to rules targeting small and medium-sized enterprises fuel investor enthusiasm even as China’s other stock markets stagnate
Click here to read more of the latest news.
This article was generated by Caixin Automation.
Follow the Chinese markets in real time with Caixin Global’s new stock database.
