China’s benchmark Shanghai Composite Index (000001.SH) gained 0.16% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.38%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.16% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.09%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China Creates New State-Owned Logistics Giant
In push to consolidate state assets, government combines China Railway Materials Group and four units of China Chengtong Holdings
· Indebted Developer Kaisa Sells HK Office for Debt Repayment
Net proceeds of $24 million will reduce amount owed to purchaser Sandong Hi-Speed Financial
· Mother Fighting to Get Prosecutors to Admit Her Innocence After Buying Illegal Drug for Sick Son
Woman rejects deal in which she admits guilt in exchange for amnesty from prosecution
· Why Hong Kong Has the Longest Life Expectancy in the World
Research shows that the city’s residents live longer than those in high-income economies such Singapore and South Korea. Low tobacco use was cited as a reason for the lower mortality rate
· PBOC to Free Up $188 Billion for Lending to Businesses With New Reserve Requirement Cut
Central bank announces it will lower RRR by 50 basis points on Dec. 15, boosting support for the real economy as downturn looms
· Property Sales in China Fall for Fifth Straight Month
Sales of the top 100 developers were down by 37.6% in November, report says
· Crypto Exchange to Leave Mainland Clients With One Option: Withdraw
Huobi announces it will no longer allow mainland users to do anything other than take their assets off the platform
· Three Chinese Firms Begin Producing Russian Vaccine to Boost Global Supply
The Sputnik-V doses will be exported to Russia and other countries
· China’s Securities Watchdog Says It’s Making Progress With U.S. on Talks Over Company Audits
CSRC affirms freedom of Chinese companies to list where they choose
· Chinese AI Giant SenseTime Tries for $767 Million IPO in Hong Kong
Company sets fundraising goal several hundred million U.S. dollars lower than news outlets had been reporting
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This article was generated by Caixin Automation.
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