China’s benchmark Shanghai Composite Index (000001.SH) lost 4.95% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 4.36%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 2.92% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 2.55%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China Rejects U.S. Assertion Russia Asked for Military Aid
After Foreign Ministry brands report as ‘disinformation,’ China and U.S. officials conduct six-hour ‘substantial discussion’ of Ukraine war in Rome
· Chinese Nickel Giant Secures Deal to Avoid Further Margin Calls
Billionaire Xiang Guangda’s Tsingshan Holding gets breathing space while it unwinds massive wrong-way bets on the strategic metal
· Zhang Wenhong: Beyond Zero-Tolerance, China Should Fight the Pandemic More Sustainably
Top infectious diseases expert argues it’s time for the anti-pandemic strategy to evolve and grow smarter, not time to ‘lie down’ in the face of Covid
· Caixin Explains: How China Took Aim at Bribery and Human Trafficking
Prosecutions are up as authorities target more cases of criminals trading in people
· Analysis: The Seven Factors That’ll Shape China’s Economy This Year
The government is prioritizing infrastructure spending as well as tax refunds and cuts for businesses to boost growth
· China Fines Companies $3.7 Billion Last Year for Breaking Monopoly Rules
The total was more than 50 times what the market regulator handed out in 2020
· Pfizer’s Covid-19 Drug Arrives in Hong Kong, City’s Leader Says
The first batch of 75 Chinese mainland medical personnel has also arrived in Hong Kong to boost the city’s capacity to treat severe cases amid the worst local outbreak
· China’s Nickel Sector Weighs Risks After London Halts Trading
The London Metal Exchange’s ongoing freeze will give time for the major buyers and sellers to settle in private, an analyst says
· Chinese EV-Battery Giant Files for Hong Kong IPO
CALB’s planned listing comes after China’s new-energy vehicle sales more than doubled in 2021
· In Depth: How Spiking Lithium Prices Might Throttle China’s EV Market
Pushing extra costs onto car buyers may delay price parity before more lithium comes onstream
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This article was generated by Caixin Automation.
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