China’s benchmark Shanghai Composite Index (000001.SH) lost 0.07% on Tuesday, while the Shenzhen Component Index (399001.SZ) closed nearly flat.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.44% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.26%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Chinese Firms End Six-Year Operation Running Addis Ababa–Djibouti Railway
Contractor hands over China-funded 752-kilometer railway linking landlocked Ethiopia with the Red Sea
· Mainland, Hong Kong Swap Connect Adds New Features to Attract Investors
New features for one-year-old Swap Connect program gives overseas funds easier access to Chain’s derivatives market
· China to Kick Off Issuance of $138 Billion Ultra-Long Bonds to Boost Economy
The first batch of the debt, comprising an unspecified amount of 30-year bonds, will be issued on Friday with the program of sales continuing until mid-November
· Former Chinese Banker Likely Probed for ‘Revolving Door’ Corruption, Sources Say
Tong Wentao, a former executive at China Construction Bank, is likely being investigated for exploiting his influence at the lender after joining a private developer
· Exclusive: Two ChemChina Ex-Leaders During Syngenta Deal Hit With Corruption Probe
Former Chairman Ren Jianxin and ex-President Yang Xingqiang were involved in the controversial acquisition of the Swiss agrochemical giant in 2017
· Opinion: Enlightening Lessons From the Rise of China’s NEVs
Allowing the market to play a ‘decisive role in resource allocation and improving the role of government’ is the ultimate secret to the industry’s success
· Curtailing Real-Time Stock Connect Data Will Make Market More Stable, Insiders Say
The move aims to bring the rules more in line with the practices of Chinese mainland bourses and curb speculation, experts say
· SAIC to Share Hybrid Car Tech With Volkswagen, GM
he foreign carmakers are the state-owned enterprise’s joint venture partners
A bus carrying 45 people, most of whom were on an elementary school class trip, collided with a truck at an intersection in Nantong, Jiangsu province
· China Imposes Rules on Elderly Care Facilities to Prevent Fraud and Mismanagement
Down payments limited to 12 times the monthly fee as regulations tightened on care homes for elderly
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This article was generated by Caixin Automation.
