China’s benchmark Shanghai Composite Index (000001.SH) gained 4.59% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 9.17%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 17.38% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 17.25%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Commentary: How to Strengthen China’s Capital Market for Sustainable Growth
China needs to fully implement its range of stimulus policies and focus of high-quality development
· Former Justice Minister Expelled From Party for Alleged Corruption
Tang Yijun now faces criminal charges for allegedly accepting bribes over an extended period
· U.K. Court Accepts Chinese Investor’s Lawsuit Linked to Nearly $4 Billion in Laundered Bitcoin
The decision marks the beginning of a cross-border legal slog for those looking to recover a portion of the 43.5 billion yuan that was embezzled from investors in China and whisked overseas by the scam’s mastermind
· EU’s Approval of EV Tariffs Condemned by Beijing, Chinese and German Carmakers
Localizing production is the best way to avoid protectionist policies and further probes, experts say
· Commentary: How the World Stands to Gain From China’s Stimulus Package
Stronger Chinese growth will generate greater positive spillover effects for the rest of the world, especially Australia and South Korea
· China’s New Economy Industries Jump on Gains Across Key Inputs, Caixin Index Shows
Increases in capital, technology inputs boosted the NEI by 1.1 points on the month to 30.9 in September
The monetary easing plans that sparked last week’s share rally will help boost sentiment, but stabilizing real economic growth will hinge on the fiscal policies to come
· In Depth: To Advise or Not to Advise: Limit of Lawyers’ Immunity in China
Feng Bo faces five years behind bars for fraud and assisting in fabricating evidence while advising a loan-shark — but the ‘so-called criminal actions’ fell under a lawyer’s normal professional conduct, his defense argues
· In Depth: The Supermarket Sensation Defying China’s Industrywide Slump
Regional chain Pangdonglai has received acclaim for its commitment to customers and treatment of its employees — and the competition has taken notice
· Police Arrest Chinese Man Suspected of Stabbing Three 5-Year-Olds in Switzerland
Prosecutors say the suspect, whom they did not name, has been studying at the University of Zurich since last summer
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This article was generated by Caixin Automation.
