China’s benchmark Shanghai Composite Index (000001.SH) lost 0.72% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.77%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.45% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.59%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Flight Service Rebound Between China and U.S. Remains Stalled
Pandemic-era limits hold flights to just over a 10th as many as before 2020 with little incentive or impetus to ramp services back up
· Update: China’s New Premier Vows to Support Private Enterprises
Former party chief of Shanghai offers assurances of a market-driven and law-based environment for business, while acknowledging ‘inappropriate discussions’ last year that led to frustrations among entrepreneurs
· Automakers in China Are Racing to Slash Prices
A price war first seen in new-energy vehicles earlier this year is spilling into the market for conventionally powered cars as consumer demand weakens
· Opinion: Are More Diverse Themes on the Horizon for Hollywood Films Featuring Asians?
The Oscar sweep of ‘Everything Everywhere All at Once’ makes the case that Asian-fronted Hollywood films can move beyond stereotypical plots revolving around martial arts and material wealth
· China Green Bulletin: A Fracturing Global EV Supply Chain
Chinese EV and battery-makers are bracing for a sweeping restructuring of the global lithium industrial chain long dominated by China
· China’s Health Commission Invites Expert Opinions on Egg Freezing
A potential policy shift to allow unmarried women to freeze their eggs is under discussion as the country faces falling birth rates and an unprecedented population drop
· Cover Story: China’s Financial Industry Regulators to Get Reshuffle of Responsibilities
A new oversight authority, the National Financial Regulatory Administration, is approved at the annual meeting of the national congress.
· China Sticks With Its Central Bank Governor and Finance Minister
The decision to avoid a sweeping leadership reshuffle in both departments comes as the country undergoes a transition to a new administration led by Premier Li Qiang
· Weekend Long Read: What Li Yining Taught China About Economic Reform
The legacy of the renowned academic, who died last month, will live on in through his ground-breaking theories and efforts to use private capital to revamp how Chinese enterprises were structured in the post-reform era
· Xi Appoints Li Qiang as China’s Premier, Succeeding Li Keqiang
In the new role, the 63-year-old former Shanghai party secretary will lead the State Council, whose responsibilities include managing the country’s economic development
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This article was generated by Caixin Automation.
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