China’s benchmark Shanghai Composite Index (000001.SH) gained 0.29% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 0.12%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.42% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.24%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Former Zheshang Bank Chairman Under Anti-Graft Investigation
Shen Renkang, who oversaw dramatic, controversial expansion of the Hangzhou commercial bank, and his wife were taken away by authorities, Caixin learned
· Hong Kong Leader Pushes Aramco to Sell Shares on the HKEX
Chief Executive John Lee, seeking broader ties with Saudi Arabia, leads business delegation including Hong Kong exchange CEO Nicolas Aguzin
· Mortgage Rate Cuts Spread to China’s Wealthier Regions
Several provincial capitals and other major Chinese cities have temporarily cut rates for first-time homebuyers as part of efforts to revive the slumping real estate market
· Lunar New Year Rail Traffic Surges Near Pre-Pandemic Levels
Some 102 million passenger trips were made on the country’s railways between Jan. 22 and Feb. 1
· China Pushes Ahead With Restructuring of Tomorrow Holding-Linked Insurers
The efforts will effectively resolve risks and protect the rights and interests of consumers, CBIRC officials say
· U.S. Hedge Fund Giant Citadel Tries to Tap Into China
CSRC has accepted Citadel subsidiary’s application for the Qualified Foreign Institutional Investor program
· Regulator Hasn’t Forgotten About Central China’s Multibillion-Dollar Bank Scandal
CBIRC vows to continue its campaign against the type of rule breaking that led to depositors’ assets getting frozen last year
· China Says Another Balloon Has Strayed Into Foreign Skies
The unmanned airship deviated far from its planned route and unintentionally flew over parts of Latin America and the Caribbean, foreign ministry spokesperson says
· China Launches Pilot to Make Most ‘Public’ Vehicles NEVs
Under the trial, participating cities will build out new-energy infrastructure to help them replace older vehicles with ones that don’t run on fossil fuels
· China’s Graft Busters Investigate Deputy of Quasi Military Group in Xinjiang
CCDI launches probe into Jiao Xiaoping, deputy commander of the Xinjiang Production and Construction Corps
Click here to read more of the latest news.
This article was generated by Caixin Automation.
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