China’s benchmark Shanghai Composite Index (000001.SH) gained 0.28% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.15%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.13% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.31%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Geely EV Unit Zeekr Wraps Up $750 Million Funding Round
Valuation jumps to $13 billion with new backing from CATL, Mobileye tycoon Amnon Shashua and three state-affiliated funds
· China Vanke Mulls $2.2 Billion Share Placement to Replenish Capital
Property development giant proposes the industry’s biggest equity fundraising plan since regulators lifted curbs on share sales
· Alibaba Exits Indian Payments Giant With $167 Million Share Sale
The Chinese tech major dumps its remaining 3.3% position in digital payments provider Paytm, as it scales back its investments in the South Asian nation
· China Approves Licenses for 87 New Video Games in February
Tencent and ByteDance are among developers getting titles approved as industry attempts to claw back after nine-month suspension
· China’s Electronics-Makers Dash Hopes for Post ‘Zero Covid’ Hiring Blitz
Manufacturers in eastern and southern China haven’t been hiring as many workers as expected due to sluggish growth in new orders
· China Steps Up Crackdown on Corruption in the Tobacco Industry
At least five individuals from the State Tobacco Monopoly Administration and China National Tobacco Corp. have been placed under graft investigations this year
· China Current Account Surplus Hits 14-Year High
Upticks in goods exports pushed the surplus up 32% to $417.5 billion last year
· Warburg Pincus Wants a Bigger Foothold in China’s Trillion-Dollar Mutual Fund Industry
The U.S. private equity firm is planning to take a stake in Shanghai-based fund manager Lombarda China
· Chinese Real Estate Companies Test Offshore Bond Markets
Two developers sell yuan bonds in Macao, and a Wanda subsidiary sells dollar debt in Singapore
· Cover Story: China’s Hunt for Strategic New Energy Minerals
Pursuit of key minerals intensifies as U.S., Canada and Australia restrict Chinese access to ‘strategic’ materials
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This article was generated by Caixin Automation.
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