China’s benchmark Shanghai Composite Index (000001.SH) lost 0.34% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.3%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.3% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.33%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Central Bank Charts Orderly Growth Track for Financial Industry
PBOC issues dozens of new standards covering surging green finance sector, fintech, data management and even counterfeit money detectors
· Shenzhen Bourse Chief Named Deputy Chair of CSRC
Wang Jianjun will be the youngest of the regulatory body’s senior leaders and will oversee public listing, investor protection and market operations
· Road to COP26: China and U.K. Should Continue Collaborating on Climate Change
Bank of England governor outlines role of central banks including PBOC in this year’s crucial UN climate conferences in China and Scotland
· China’s Pilot Property Tax Reforms Benefit Markets Despite Short-Term Pain, Analysts Say
The national legislature has allowed some regions, which have yet to be named, to implement a tax on property ownership
· China Issues Roadmap for Carbon Neutrality by 2060
The guidance, which covers broad swathes of the economy, includes the target of 80% of energy consumption coming from non-fossil fuel sources
· Chinese Capital Tightens Controls on Visitors as Sprawling Covid Surge Grows
The handful of recent cases found in Beijing were all linked to Inner Mongolia
· Foreign Ministry Spokesperson Promoted to Assistant Minister
Hua Chunying will oversee work related to information, protocol and translation in her new role
· Luxury Chinese Liquor Giant Reports 12% Jump in Earnings as Regulators Try to Tame Runaway Prices
Kweichow Moutai’s net profit reached 12.6 billion yuan on revenues of 25.6 billion yuan for the third quarter
· Cover Story: Blue Sky, Please Send Help!
Volunteer civilian rescue teams join in Henan flood rescues after proliferating across China inspired by the 2008 Wenchuan earthquake
· China Wants Local Governments to Speed Up Annual Special Bond Borrowing
The directive from the Ministry of Finance could see cities and provinces issue the remaining 1.3 trillion yuan worth of special bond quota in the next five weeks
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This article was generated by Caixin Automation.
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