China’s benchmark Shanghai Composite Index (000001.SH) gained 0.24% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 0.43%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.41% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.88%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Opinion: China Is in a Unique Position to Finance the Green-Tech Revolution
With its governance model and financial sector, the country is best situated to lead the charge to solve the truly global challenge of going green
· China to Provide Cheap Funding for Carbon-Reduction Loans
Central bank rolls out lending tool to support financial institutions in backing projects aimed at helping in China’s fight against climate change
· China Bans Livestreaming From Pitching Stocks and Brokerage Accounts
Securities regulatory commission orders livestreamers to stick to high-level analysis and bars bizarre clothing and provocative language
· Songyang’s Once Young: Portraits From a Forgotten Countryside
A new photography exhibition in Shanghai reveals the faces of a rural village
· China’s Biggest Private Tutor to Close Nearly All of Its 1,500-Plus Learning Centers
New Oriental’s decision comes in the wake of new rules that ban most in the sector from making a profit
· Ant Group Reshuffles Consumer Loan Business to Make It Clear Who’s Actually Doing the Lending
The company behind Alipay aims to draw a line between its own financial services and those provided by its partners, in a bid to comply with tightened regulatory requirements on fintech platforms
· Chinese Cryptocurrency Exchange Huobi Ramps Up Global Expansion Amid Domestic Crackdown
The exchange is also accelerating the development of business streams such as decentralized finance products and asset management
· Caixin Explains: Why the Communist Party’s Sixth Plenum Is So Important
The Central Committee is expected to adopt a ‘historic resolution’ that may set the tone for China’s future endeavors
· Sinopec and Sinochem Sign Long-Term U.S. LNG Contracts
Chinese oil giant’s deal to receive 4 million tons of the fuel annually for 20 years is China’s largest on record
· Cover Story: China’s AI Quartet Walk Through the Valley of Death
SenseTime, Megvii, CloudWalk and Yitu need IPO cash, but operating losses and narrow business models suggest stock investors may balk
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This article was generated by Caixin Automation.
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