China’s benchmark Shanghai Composite Index (000001.SH) gained 0.88% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 0.82%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.78% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.53%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Richard Li’s FWD Withdraws U.S. IPO Plan With Pivot to Hong Kong
Increased market volatility and some high-profile failures have changed market sentiments on listings by companies based in China
· World Economic Forum Puts Off Davos Event Until Summer
January gathering of world leaders and business executives at Swiss ski resort falls victim to rapidly spreading omicron variant of Covid-19
· Update: Record $210 Million Fine Fires Warning Shot Over Livestreamers
Heavy tax evasion penalties for top performer Huang Wei send a message to the booming industry as her online accounts are shut down
· Deadly Bridge Collapse May Have Been Caused by Overloaded Trucks
Trucking company may have lied about how much weight one of the vehicles involved was carrying, state-run newspaper says
· Trending in China: Chinese American Pop Star Mired in Public Row Amid Divorce
Netizens in China and beyond have been gripped by Lee Jinglei’s flurry of allegations against Wang Leehom on social media, including multiple infidelities and shielding his assets
· China to Broaden Stock Connect Program to Incorporate Swiss, German Exchanges
Planned expansion of Shanghai-London Stock Connect program is part of continuing efforts to open China’s capital markets, securities regulator says
· Offcn Education Plunges on Disclosure Probe
Offcn is being investigated by China’s securities watchdog on suspicion it didn't properly disclose deals it did with related parties
· Real Estate Services Provider KE Hits Back at Revenue Fraud Allegation
Short seller Muddy Waters said its calculations showed the company inflated revenue from commissions on home sales by over three-quarters
· Hemorrhagic Fever Cases Rise in Northwest China
Rodent-carried infectious disease causes fever, rashes and shock
· Past and Present, East and West Come Together at Beijing Music Festival
As markets have opened up, technology has advanced and the economy has globalized, cultural and artistic exchanges are ever more essential, writes former Ministry of Culture official Li Hong
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This article was generated by Caixin Automation.
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