China’s benchmark Shanghai Composite Index (000001.SH) gained 0.48% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 0.4%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) ended nearly flat for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.29%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Commentary: How China Can Leverage Renewables to Meet Peak Summer Electricity Demand
By embracing the flexibility and diversity of energy sources like solar and wind, the country can manage peak demand pressures without compromising its climate commitments
· Higher Wages, Fewer Jobs: The Changing Face of China’s Manufacturing Sector
New employment trends indicate weaker recruitment and more jobs in the gig economy, according to manufacturing indices
· The World Still Loves Panda Bonds as Appetite for Renminbi Increases
Renminbi internationalization remains robust with $558 billion-worth held abroad in bonds
· Xizang’s Former Communist Party Chief Caught in Graft Dragnet
Wu Yingjie, who currently heads up a committee of China’s top political consultative body, is the first former head of the region to be investigated for corruption in recent decades
· Chinese Solar Panel Bosses Warn of Interim Overcapacity
Oversupply has caused prices to collapse in every step of the supply chain, and manufacturers profits have plummeted, industry leaders tell conference
· Huawei Announces Another Two EVs Under Carmaking Alliance for This Year
Stelato S9 luxury sedan will be the first model developed with BAIC BluePark, along with a second model developed with Chery
· Trio of Major Chinese State Firms Swap Leaders
Giants in the pharmaceutical, power and logistics sectors are among 12 enterprises getting new management in a reshuffle
· China Picks New Private Fund Czar
CSRC veteran Wu Meng is now also responsible for combating illegal financial activities
· Opinion: How to Turn China’s Enviable Number of Patents Into Marketable Innovations
Policymakers have made strides in making it easier for academics to commercialize their work, yet there are still walls between research and industry that need to be torn down
· Cover Story: China’s Sports Corruption Dragnet Casts Pall Ahead of Paris Olympics
An avalanche of corruption investigations is sweeping through the former top echelons of China’s sporting regulator, putting an uneasy focus on how the nation prepared its athletes for recent Games
Click here to read more of the latest news.
This article was generated by Caixin Automation.
