China’s benchmark Shanghai Composite Index (000001.SH) lost 0.09% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.65%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.42% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.48%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Li Keqiang’s Remains to Be Cremated in Beijing on Thursday
National flags will also fly at half-mast at sites including Tiananmen Square, government buildings across the country and embassies overseas to mourn the former premier
· Top Stories of the Month: Chinese Local Governments’ Latest Effort to Tackle ‘Hidden Debt’
Nine provincial-level governments plan to raise a combined $56 billion through special bonds to swap their implicit liabilities, bringing them onto the books
· California Governor Newsom Visit Boosts U.S.-China Relations, Climate Collaboration
California governor wants to keep collaboration momentum going; pledges cooperation on climate, energy; Xi says hard-won progress in U.S.-China relations should be cherished
· Chinese Big-three Airlines Back to Profit in Third Quarter
Rebound in domestic travel lifts China’s three largest state-owned air carriers to profit for first time in three years; Big Three still show losses for first three quarters; analysts see loss resuming in fourth quarter as travel slows at year end
· Shein Acquires British Fashion Brand Missguided
Chinese-based fast-fashion retailer Shein bids for faster growth with purchase of British online brand; Shein plans to manufacture Missguided products, sell on both firms’ websites; Shein looks to offset weaker demand and rising competition from rival Temu
· More China-U.S. Flights Unlikely to Bring Down High Ticket Prices
Sluggish travel demand and cautious approach by American carriers to resuming operations mean prices will not return to pre-pandemic levels soon, experts say
· Communist Party Names New Economic Czar
Vice Premier He Lifeng replaces Liu He in the role of office director of the party’s top economic policymaking body
· Editorial: Cherish the Achievements of China-U.S. Relations
There are no winners in strained China-U.S. trade relations. Decoupling spells disaster for both and inevitably harms the global economy
· Cover Story: China’s Family-Run Businesses Face Succession Issues
Millions of China’s family businesses are passing on the leadership baton to second generation “factory heirs” at a time when the the world’s second - largest economy is facing unprecedented changes
· China, U.S. ‘Working Together’ on Biden-Xi Meeting at APEC Next Month
Chinese Foreign Minister Wang Yi met with U.S. Secretary of State Antony Blinken in Washington this week with the hope of securing a meeting of the two leaders in San Francisco
Click here to read more of the latest news.
This article was generated by Caixin Automation.
Follow the Chinese markets in real time with Caixin Global’s new stock database.
