China’s benchmark Shanghai Composite Index (000001.SH) lost 0.96% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 1.29%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.81% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.38%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Opinion: I Helped CNN Break the News When Deng Xiaoping Died
Mei Yan, former head of the U.S. network’s China desk, recalls the scramble to confirm a sad milestone 25 years ago
· Evergrande Chairman Maintains Commitment to Soccer Club
Hui Ka Yan vows to continue building up the money-losing team as a ‘cradle and platform’ even amid the debt-laden property developer’s liquidity crisis
· Energy Insider: China Backs Share Sales by NEV Companies
Imported potash prices jump 139% amid tight supply; China to build world’s largest LNG storage tanks; Beijing says not to charge bike batteries at home
· Yango Group Defaults on $657 Million of Bonds
Chinese developer misses $27.3 million of interest payments on two dollar bonds as defaults continue piling up in the real estate industry
· ‘Blood Slave’ in Cambodia Tricked by False Job Ad Throws Spotlight on Recruitment Platforms in China
A Chinese man was kidnapped, tortured and had his blood drawn against his will after responding to a recruitment post on 58.com
· Chinese Regulators Warn of Metaverse Scams
Investors told to be wary of phony projects, dodgy virtual currencies
· China’s Anti-Graft Agency Probes Former Telecom and Bank Exec
Li Guohua is being investigated for suspected wrongdoings during his time at state-owned Postal Savings Bank of China, where he served as chairman, Caixin has learned
· Political Advisor to Propose Measures to Fight Human Trafficking at ‘Two Sessions’
CPPCC member suggests nationwide teams should investigate cases of women and children being trafficked and rescue those in need
· Opinion: China’s Olympic Legacy Is About Becoming a Sporting Superpower
China is only at the beginning of its phenomenal winter sports growth, with the country set to overtake the U.S. as the world’s biggest skiing nation by 2025
· Cover Story: How a Fortune 500 Company Built a Commodity Colossus on a Shell Game
Billionaire Zhang Jin’s Cedar generates immense revenue from fake deals to borrow billions of dollars it can’t repay, Caixin learned
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This article was generated by Caixin Automation.
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