China’s benchmark Shanghai Composite Index (000001.SH) lost 0.08% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.62%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.87% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.62%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· In Depth: Huawei’s HarmonyOS Next Is Set to Rival iOS and Android
Home-grown operating system picks up momentum in creating an app ecosystem that could create 3 million jobs in China
· Defaulted Sichuan Trust Goes Bankrupt
Troubled firm’s failure to repay investors in 2020 led authorities to crack down on trust industry
· China Welcomes More Foreign Travelers as Visa Waiver Expands
Efforts to attract visitors bear fruit but visits still lag pre-pandemic levels
· Royole Facing Involuntary Bankruptcy as Court Accepts Petitions
The petitions come as the Chinese flexible-screen maker continues to struggle with a cash crunch and more than three years after ditching a $2 billion Shanghai IPO over questions about its shareholders
· Opinion: New Rules on Cross-Border Data Transfer Offer Fresh Opportunities
Under the premise of safeguarding national data security, new rules will reduce corporate compliance costs and fully unlock the value of data
· Huawei to ‘Relaunch’ S7 This Month After Delays Dogged EV’s Rollout, Source Says
Tech giant predicts deliveries of the vehicle developed with automaker Chery will pick up from April onward
· Cover Story: How a China-Built Railway Is Connecting Ethiopia to the World
Built and until recently fully operated by China, the Addis Ababa–Djibouti Railway is the first electrified transnational railway line in Africa and a vital trade link for the land-locked country
· Wanda to Cede Control of Its Mall Unit in $8.3 Billion Deal
Investors led by PAG will hold a combined stake of 60% in Newland Commercial Management, a newly formed holding company of Zhuhai Wanda Commercial Management
· Analysis: Xiaomi Launched Its Debut EV With Much Fanfare, But Can It Now Deliver on Its Promises?
Whether Xiaomi can attract buyers for its debut electric car beyond its established fanbase once the initial hype wears off will be crucial, industry insiders say
· Chinese Banks Raise Purchase Thresholds for Gold Products in Warning to Retail Investors
At least six banks including Agricultural Bank of China and Bank of China made the increase this month as spot gold has surged to fresh records, signaling caution about future fluctuations
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This article was generated by Caixin Automation.
