China’s benchmark Shanghai Composite Index (000001.SH) gained 1.26% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 1.68%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 2.51% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.43%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China Auto Roundup: Chinese Cars Dominate Israel’s Market, Huawei Sells Aito Trademarks
‘Vehicle-road-cloud integration’ pilot program to include 20 cities, spluttering car sales pressure dealers as inventories soar
· Gree Real Estate Changes Direction and Gets Out of the Real Estate Business
Gree Real Estate is the third listed developer to cut its losses and leave the property sector in three months
· Commentary: China Must Stop the Silent Conspiracy That Lets Contaminated Tanker Deliver Edible Oil
Rules need to be tightened to stop a dangerous food safety risk slipping under the radar
· Exclusive: China Everbright Bank Veteran Ren Feng to Lead Everbright Jinou AMC
Ren Feng’s move comes after two years leading the bank’s wealth management unit
· China’s Low-Altitude Economy Receives ‘Rare’ Show of Support From Military
Air force of the People’s Liberation Army Southern Theater Command says it will work with the Guangdong government to ‘create favorable conditions’ for the concept
· PwC Appoints New China Chairman to Steer Firm Through Evergrande Storm
Daniel Li, the first mainlander to lead one of the ‘Big Four’ accounting firms on the mainland, inherits a company in deep trouble over its client’s financial fraud
· Chinese Automakers Dominate Israel’s Market
In the first half, Chinese firms sold over 34,500 fossil-fuel cars and EVs in the country, ahead of Korean and Japanese brands
· Exclusive: Pudong Development Bank Set to Get New President
Vice President Xie Wei looks likely to be promoted at the Shanghai lender, sources tell Caixin
· Deutsche Bank Sees Rosy Future in Helping Multinationals Tap Chinese Market
European banking giant sees opportunities in panda bond issuances, CEO for Asia-Pacific tells Caixin
· Opinion: Strengthening the Private Economy Requires Concerted Efforts
To foster private sector growth, policy coordination must be enhanced and the rule of law strengthened
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This article was generated by Caixin Automation.
