China’s benchmark Shanghai Composite Index (000001.SH) lost 0.2% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.44%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 2.37% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 2.18%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Opinion: New VIE Rules — Is the Door Half Open or Half Closed?
New regulations have been interpreted as Beijing giving the official OK to the controversial listing structure, but this is a misinterpretation
· Asian Trade Pact Covering One-Third of Global Economy Takes Effect
The Regional Comprehensive Economic Partnership goes into force for China and the nine other countries that were first to ratify the agreement
· Port City of Ningbo Finds 10 New Cases as Covid Flare-Up Continues
All 10 of the new domestically transmitted cases were identified as workers at a factory owned by Shenzhou International, whose stock slumped Monday
· Cover Story: A Chinese Glass Tycoon’s Dream to Build a World-Class University
Fuyao’s Cao Dewang pours billions of dollars into creating an applied research and technical institution to supply manufacturing leaders for China
· Weekly Must-Read: What China’s New Investment Rules Mean for Foreign Investors
Companies in businesses that are closed to foreign investment will be allowed to sell shares abroad as long as they win approval and cap foreign ownership
· Weekend Long Read: How a Chinese Double Amputee Finally Summited Everest
After frostbite derailed the professional climber’s ambitions, Xia Boyu only grew more determined to scale the world’s highest mountain
· Energy Insider: China Sets Carbon Reduction Goals for Central SOEs
Spot price of battery-grade lithium carbonate hits a record; world’s largest pumped hydro station starts operation; silicon wafer prices fall
· China Moves to Bar Celebrity Livestreamers From Pitching Financial Products
Draft guidelines issued by seven ministries would require online marketers to have professional qualifications and be employed by financial institutions
· China Extends Tax Exemptions for Expatriates to 2023
Preferential policy applies to certain benefits and compensation for foreigners working in China as part of efforts to spur the economy
· Year in Review: Regulation Looms Large Over China’s Financial Firms
Overseas IPOs, fintech and indebted conglomerates particularly felt the heat in 2021
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This article was generated by Caixin Automation.
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