China’s benchmark Shanghai Composite Index (000001.SH) gained 0.5% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 1.69%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 2.88% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 3.09%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Energy Insider: Xpeng Makes Foray Into European Market
Wind power turbine prices drop 20% in three months; Apple supplier Luxshare jumps into carmaking; CATL works on output of sodium ion battery
· Zhong Ou Health-Care Fund Falls Out of Alipay Top 10 After Ranking No. 1
Star manager Ge Lan’s $5.35 billion fund stays in other weekly rankings, raising questions about how Alipay picks the funds for its top-seller lists
· In Depth: Will Subsidized Housing Stabilize the Real Estate Industry?
Though authorities are making it a priority for the 14th Five-Year Plan, property market experts project a muted effect
· BlackRock Unit Gets Green Light to Join Personal Pension Trial in China
U.S. asset manager’s joint venture will sell retirement wealth management products in Guangzhou and Chengdu for a one year trial period
· Mainland to Help Hong Kong in Its Fight Against Covid
City has sought support for testing and quarantine as local outbreak has ‘overwhelmed’ its capacity, says leader Carrie Lam
· China’s Most Popular Metaverse App Removed From Apple's App Store
Publisher claims user experience suffered due to unexpected demand
· Property Giant Vanke Prepares for ‘Life or Death’ Battle Amid Flagging Market
China’s second-largest developer plans to shrink balance sheet, cut costs to cope with sluggish demand
· Opinion: China Enlists Foreign Expertise in Bid for Olympic Gold
The country has established collaborations with experts from winter sports powerhouses to raise the level of its athletes
· Suzhou Limits Medical Services, Suspends Schools After Covid Cases Emerged
The city, an industrial hub in East China’s Jiangsu province and home to 13 million people, has also closed public venues amid flare-up of the highly transmissible omicron variant
· Cover Story: State Insurance Boss’s Capital Games in Hong Kong
How the former chief of Taiping Insurance wove a web of shady deals and came under investigation by graft busters
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This article was generated by Caixin Automation.
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