China’s benchmark Shanghai Composite Index (000001.SH) lost 0.76% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 0.07%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 2.43% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.35%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
Europe and U.S. fearful of China’s electric cars, says BYD founder, nine firms given green light to test autonomous driving
· Opinion: How to Pave the Road to Improved Audit Quality
The case of audit firm PwC China’s apparent complicity in developer Evergrande’s financial fraud highlights the need to improve the checks and balances of intermediary organizations
· China’s CATL Refutes U.S. Lawmakers’ Allegations of Using Forced Labor
The world’s largest lithium battery manufacturer says claims are ‘groundless and completely false,’ after calls for the Department of Homeland Security to blacklist the firm as well as Gotion High-Tech
· China’s Citic Group Corp Executive Probed For Suspected Corruption
Xu Zuo is a deputy general manager of the financial conglomerate and also a vice president of the group’s Hong Kong-listed subsidiary Citic Ltd.
· Cover Story: Turning Research Into Revenue – China’s Quest to Bring Lab Inventions to Market
China leads the world in patent filings, yet transforming the achievements of the nation’s universities and research institutions into profitable businesses remains a challenge
· Chinese Nationals Charged in U.S. For Laundering $73 Million in Crytpo Scam
The two defendants allegedly induce victims to transfer funds to fraudulent cryptocurrency investment platforms or bank accounts set up in the name of shell companies
· Blue-Collar Work Surges in Popularity Among China’s Young Job Seekers
In the first quarter, the number of people under the age of 25 who applied for blue-collar jobs rose 165% compared with the same period in 2019, according to online recruitment platform Zhaopin
· Peru Amends Law Allowing Cosco Shipping to Retain Exclusive Rights to Operate Chancay Port
Cosco Shipping’s plans for Chancay Port are expected to generate $4.5 billion a year for Peru and create 8,550 jobs
· Record Number Sit College Entrance Exam Amid Vocational Education Drive
Some 13.4 million students this year are taking the notoriously grueling ‘gaokao,’ which kicked off on Friday
· State-Owned Automaker’s Boss Calls for Fairer Treatment for Conventional Cars
GAC Chairman Zeng Qinghong says new-energy vehicles shouldn’t receive special treatment because so much of China’s electricity is generated from fossils fuels
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This article was generated by Caixin Automation.
