China’s benchmark Shanghai Composite Index (000001.SH) lost 1.1% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.69%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.1% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.23%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· In Depth: Life on Pause in Ruili’s Endless Fight Against Covid-19
City on Myanmar border has been mostly locked down since July, prompting thousands to leave as businesses and incomes evaporate
· Energy Insider: China Expands Diesel Supply to Ease Shortage
Coal stockpiles at power plants rebound amid increased production; China develops technology to turn industrial gases onto animal feed
· Opinion: China Should Speed Up Capping Carbon Emissions
Environmental Defense Fund’s Wang Ying urges quick, comprehensive action in the fight against climate change
· Chinese Property Firms Report Rapid Contraction in Sales, Financing
Sales by top 100 developers declined by one-third in October
· Opinion: Excessive Measures to Contain Covid Are Doing More Harm Than Good
Epidemic prevention officials should stick to promoting tried-and-true methods like mask mandates and limits on public gatherings, rather than resorting to novel tactics that accomplish very little
· China to Issue Carbon Reduction Plans for Specific Sectors, Xi Says
President vows the country will press ahead with its decarbonization efforts with series of plans and measures in the ‘1 plus N’ policy framework
· Beijing Urges Washington to Pursue a ‘Real One-China Policy’
If mishandled, matters related to Taiwan could cause ‘subversive and overall damage’ to bilateral ties, Foreign Minister Wang Yi tells his U.S. counterpart
· China Applies to Join Pact Setting Standards for Digital Trade
Commerce ministry says request to join DEPA, which was established to help create new rules and practices, aims to boost international cooperation on the digital economy
· Retailer Suning.com Reports Second-Largest Quarterly Loss in 17 Years
Cash-strapped electronics seller finishes the third quarter $632 million in the red after revenue plunges nearly 65% on struggling sales
· Release of Final Rules for Beijing Stock Exchange Signals It’s About to Open
Regulations set to take effect Nov. 15 cover issues including listing standards, information disclosure, corporate governance and the supervisory responsibility of different regulators
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This article was generated by Caixin Automation.
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