China’s benchmark Shanghai Composite Index (000001.SH) gained 0.28% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 0.13%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.77% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.06%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Insurers Receive $18 Million Claims After Super Typhoon hits Southern China
China counts the cost of devastation left in Typhoon Yagi’s wake
· Indonesia Aims to Woo Chinese Investment in Solar, EV Battery Production
Vice Minister of Foreign Affairs Pahala Nugraha Mansury said lack of solar photovoltaic production has been a ‘bottleneck’
· Finance Movers and Shakers: Sovereign Fund’s New VP, Former Securities Official’s $15 Million Bribes
Highlights of the past fortnight include: Exim Bank to appoint new president, Standard Chartered names new China CEO
· China Opens Printing, Chinese Medicine Industries to Foreign Investment
Update to negative list fulfills pledge to completely open manufacturing sector to overseas players
· Super Typhoon Yagi Kills Four, Injures Nearly 100 in China
All of the causalities were reported in Hainan province, where the storm knocked out 80% of mobile phone base stations, disrupting communcations
· New State-Run Lithium Giant to Take Control of Qinghai Salt Lake Industry
Enterprise will boost government control over mineral exploitation in China’s largest region of salt lakes and flats
· Opinion: Broadening New Industries’ Market Access Is Imperative
Improvements in market access can have a disproportionate impact on China’s economy, enhancing new drivers and advantages
· Cover Story: Chinese Solar Giants’Shine Fades Amid Growing Product Glut
Price war triggered by overexpansion and weak demand produces first-half losses
· Ministry of Finance Wants to Tighten Rules for Foreign Accounting Bodies Operating in China
Ministry seeks feedback on draft regulations to strengthen oversight of overseas accounting organizations
· Tesla Targets 2025 for Full Self-Driving Launch in China and Europe, Pending Approval
Tesla reveals roadmap to roll out self-driving software on the road to autonomous driving
Click here to read more of the latest news.
This article was generated by Caixin Automation.
