China’s benchmark Shanghai Composite Index (000001.SH) lost 0.44% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.83%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 2.89% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.82%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
Survey shows Chinese EV-makers haven’t soured on Europe after investigations, SAIC undergoes leadership reshuffle in face of headwinds
· Hong Kong Ramps Up Innovation Push with Investment in AI Startup BioMap
Deal commits tech company to establish a BioMap InnoHub in Hong Kong
· Boss of State Aviation Fuel Giant Comes Under Investigation
Corruption probe into chief of CNAF after business falls off and public listing failed
· Allianz Unit Buys 2% of China’s State-owned Pension Insurer
German insurance giant is first foreign investor in Guomin Pension & Insurance Co.
· China Unveils Measures to Boost VC Investment in Tech Sector
Guidelines call for improvements in the policy environment and management system for the venture capital chain, pledge to enhance foreign investors’ access
· China to Limit ‘Low-End’ Solar Manufacturing Capacity
Measures to slow the sector’s expansion come after industry leaders warned of overcapacity
· Landslide in Remote Part of Central China Leaves Eight Dead
The victims were found buried in their houses in a remote county in southwestern Hunan province, according to state media reports
· Tencent’s Online Bank Gets Nod to Open Hong Kong Subsidiary
WeBank will use the new unit to provide tech services to Belt and Road Initiative countries and regions
· ‘Doors Are Open for Discussions’ on EU’s China EV Tariffs, German Minister Says
Europe’s approach is not ‘take it or leave it,’ Robert Habeck tells Shanghai press conference
· Opinion: The Challenges and Benefits of China’s Latest Financial Stability Legislation
Further integrating financial stability into the rule of law will significantly help with the prevention and management of systemic risks
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This article was generated by Caixin Automation.
