China’s benchmark Shanghai Composite Index (000001.SH) gained 0.77% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 0.24%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.85% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.16%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· More Cities Expand Easing Measures to Bolster Housing Market
Since mid-January, 15 provinces and cities relaxed homebuying requirements, cutting down payments and interest rates
· Energy Insider: Ukraine War Threatens Shortage of Sailors
Conflict could further disrupt global supply chains; commodity markets go on a wild ride; China ramps up aluminum output
· Ping An’s Fintech Unit Files for Hong Kong Share Trading
OneConnect proposes listing its New York-traded stock in the city without selling fresh shares or raising funds
· Evergrande Sells Off More Projects to Firms That Promise to Finish Them
The debt-ridden developer will offload stakes in four developments to its trust firm financiers as it seeks to keep enough cash coming in to pay its bills
· Singapore to Impose Export Controls on Russia Over Ukraine, Minister Says
The city-state will put restrictions on items that can be used as weapons, and block certain Russian banks and financial transactions linked to the country
· In Depth: China’s Game Studios Face Long March as Titles Languish Unapproved
Companies are carving a way forward with new strategies, such as pivoting overseas and rolling out games that are not subject to the same scrutiny
· Chinese EV-Maker Nio to Trade Shares in Hong Kong
The firm is also pursuing a secondary listing in Singapore, as U.S.-listed Chinese companies face an environment of regulatory uncertainty
· Caixin Top Stories of the Month: The Beginning of the End of the Post-Cold War World Order
Russia’s military operation in Ukraine has sent shockwaves across the globe
· China Merchants Bank to Join Greater Bay Area Testing Ground for Fintech
Subsidiary of lender will try out AI-backed identity verification tool on mainland customers who open Hong Kong-dollar accounts
· Ukraine War Sends London Aluminum, Nickel Prices on Wild Ride
Prices of the metals surge and then drop at the end of last week as markets react
Click here to read more of the latest news.
This article was generated by Caixin Automation.
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