China’s benchmark Shanghai Composite Index (000001.SH) closed nearly flat on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.73%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.67% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.88%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China Expands Use of Digital Yuan to Covering Utility Bills
Central bank adds payment of water, gas, electricity, heating and phone bills to its e-CNY mobile wallet app
· AI Startup 4Paradigm Aims to Raise $113 Million in Hong Kong IPO
Long-awaited share sale values the Beijing-based company at $3.3 billion to $3.6 billion with stock to begin trading Sept. 28
· Policies to Take Pressure Off Students in Compulsory Education Backfire, Study Shows
Measures such as limiting the frequency of exams and prohibiting honors classes widened income-based inequality in the high school system, Peking University researchers find
· After Lattes and Ice Cream, Moutai Serves Up Booze-Infused Chocolates
The Chinese liquor-maker is teaming up with candy giant Mars in an effort to introduce its brand of fiery spirits to a new, preferably younger, group of consumers
· Opinion: ESG Will Prove to Be a Key Investment Trend
Tomorrow’s results from sustainable investing need global collaboration and a great deal of financial innovation today, UBS Asset Management president says
· China’s Top Diplomat Meets Biden Advisor to Boost Communication
Both sides agreed on more engagement on maritime and foreign policy affairs, as well as on the Asia-Pacific
· Battery-Maker Gotion Switches On Germany Factory
The Chinese firm’s Göttingen-based plant expects to begin delivering battery packs for vehicles and energy storage systems in October
· Cover Story: Personal Freedom Vies With Deterrence in Public Security Law Revamp
A proposed amendment to add more acts that constitute public security violations under Chinese law may cause potential violators to think twice, but legal experts ask at what cost?
· Weekend Long Read: What It Took to Topple Wang Wenhai
The ex-provincial justice chief’s downfall is the story of black market relic dealers, local police whistleblowers, and a billionaire pedophile rapist who bribed his way out of a death sentence
· Troubled Zhongzhi-Linked Trust Engages Two State-Owned Firms to Help Manage Business
Zhongrong International Trust enlists units of Citic and China Construction Bank to help sort out payment default quandary
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This article was generated by Caixin Automation.
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