China’s benchmark Shanghai Composite Index (000001.SH) gained 4.15% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 4.36%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 3.73% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 5.54%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China Rolls Out Fresh Stimulus to Boost Sluggish Economy
PBOC targets the housing market, policy lending and stock market investment in an effort to drag the country out of the doldrums
· Analysis: What Is Driving Down China’s Crude Demand?
The popularity of new energy vehicles coupled with an economic slowdown means China’s demand for crude oil may have peaked
· Briefing: More Fallout From Deadly Stabbing of Japanese Schoolboy
China’s urban youth unemployment breaks record for second straight month, PBOC cuts short-term rate ahead of holiday
· Finance Movers and Shakers: China’s New Assistant Finance Minister, PwC’s Damage Control
Highlights of the past fortnight include: Canadian insurer hires former Ping An co-chief, ex-ICBC anti-graft boss pleads guilty to accepting bribes
· Japanese Firms Offer to Move Staff out of China After Deadly Stabbing
Panasonic will arrange to send workers and their relatives back to Japan as needed as concerns about safety grow after a 10-year-old schoolboy was killed in Shenzhen
· Volkswagen’s China JV Weighs Shuttering Car Plant as It Accelerates Shift to EVs
Closing the Nanjing plant would be part of efforts by SAIC Volkswagen to ‘upgrade and optimize’ its carmaking capacity as demand for electric cars outpaces fuel-powered vehicles
· Opinion: The Need to Strengthen Legislative Oversight of Local Government Debt
Enhancing the oversight from all levels of government is an effective way to deal with debt risk and a crucial part of modernizing governance
· Cover Story: China’s Record Class of College Graduates Faces Final Test in Shrinking Job Market
As the jobless rate for young urbanites soars to 18.8%, 11.8 million new degree-holders enter workforce
· Weekend Long Read: China’s Clean Energy Rise Offers Lessons for the West
Consistent policy and manufacturing clusters may be key to accelerating the green transition, writes Anders Hove of the Oxford Institute for Energy Studies
· Commentary: China Must Ensure the Death of a Schoolboy Does Not Unravel Its Close Ties With Japan
Close cooperation and trust between China, Japan and South Korea are vital for the region’s future
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This article was generated by Caixin Automation.
