China’s benchmark Shanghai Composite Index (000001.SH) lost 0.33% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.15%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.79% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.24%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Xi Tells Biden That China and U.S. Should Respect Each Other and Cooperate
In the two leaders’ first virtual summit, the Chinese president says a solid bilateral relationship is needed to safeguard a peaceful international order
· Energy Insider: Steel Prices Plunge in China Amid Weak Demand
Hebei to stagger steel output to cut production; CNOOC aims to raise $5.49 billion in share sale; CATL to invest in Yongtai Technology shares
· China Housing Prices Slide Another Month, Pressuring Developers
Sales slump and credit crunch force property companies to slash prices in more Chinese cities, driving down resale values as well
· China Names Gan Lin Top Trust Buster Amid Internet Crackdown
Former agriculture professor with years of antitrust enforcement experience takes the reins of the top market regulator’s anti-monopoly bureau
· Shares Start Trading on the New Beijing Stock Exchange
The bourse’s opening highlights China’s latest efforts to make more funding available to small and midsize enterprises
If enacted, the regulations could create new headwinds for the information-rich firms that had pivoted their capital-raising plans to the city
· Caixin Summit: Shrinking Workforce Could Push Up Inflation, Economists Say
Rising prices have become a major concern for policymakers and investors in the wake of the pandemic
· APEC Economies Now Share Ambition for Broader Free Trade Pacts, New Zealand Leader Says
Prime Minister Jacinda Ardern says growing interest among Asia-Pacific Economic Cooperation members ‘bodes well’ for future regional agreements
· China’s Steel Futures Decline on Fewer Property Projects, Lower Infrastructure Spending
Prices have fallen more than 20% since mid-October, while some listed producers’ profits fell in the third quarter
· Caixin Summit: Southeast Asia Will Need to Change How It Does Business Post-Pandemic
Demographic trends and climate crisis mean companies have to do things differently
Click here to read more of the latest news.
This article was generated by Caixin Automation.
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