China’s benchmark Shanghai Composite Index (000001.SH) lost 0.29% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 1.17%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.74% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.26%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Lower Down Payments Boost Beijing’s Pre-owned House Sales But Prices Still Fall
Spike in sales the result of policy-induced price cuts, says analyst, but buyers still cautious
· Yonghui Turns the Tide With Revamp Inspired by Retail Pioneer Pangdonglai
Focusing on top brands, high-quality products and an improved shopping experience is paying off for Yonghui
· Investors on Alert for Another Japan Rate Hike
Bank of Japan says it still intends to raise borrowing costs, but will avoid doing so if markets are unstable
· Opinion: Proactive Measures to Address the Impact of Aging
The more timely the response to aging, the more the country can maintain and mitigating the impact of aging
· Commentary: Exposure of Underground Surrogacy Clinic Highlights Growing Demand for Service
Rising infertility rates naturally sustain this underground trade
· China’s Sovereign Wealth Fund Appoints New Vice President
Liu Jiawang moves into role at CIC vacated by the retiring Shen Rujun
· Former Chief of China’s Supreme Court Pleads Guilty to Bribery
Zheng Xuelin took $6.6 million in exchange for helping others with case handling and getting jobs
· African Leaders Arrive in Beijing for Economic Summit
Fourth leadership-level gathering of the Forum on China-Africa Cooperation will begin Wednesday
· Cover Story: China Formally Enlists ‘Miracle’ Drug in Fight Against Ballooning Obesity Rate
New guidelines from a leading medical advisory body incorporating blockbuster medications such as Ozempic into more traditional weight loss treatments could change the lives of millions and bolster already soaring sales for drugmakers
· Exports Prop Up Profits of Chinese Excavator-Makers Amid Domestic Sales Slump
Top construction machinery makers Sany Heavy and Zoomlion saw overseas shipments outpace China sales in first half as ongoing property downturn continues to drag
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This article was generated by Caixin Automation.
