China’s benchmark Shanghai Composite Index (000001.SH) lost 0.43% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.54%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.34% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.29%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
China boosts subsidies for vehicle trade-ins, WeRide files for biggest Chinese U.S. IPO by a Chinese firm since Didi
· China’s Giant Invests $690 Million in Dry Docks as Tide Turns For Shipbuilding
China’s state shipbuilder increases shipyard capacity to meet soaring demand
· Olympics Games Boost Air Travel Between China and France
Surge in trips to Paris to watch Team China in Action but flights still not back to pre-pandemic levels
· Exports Alone Cannot Solve China’s Economic Woes, Expert Warns
Three downward spirals in the real estate sector are holding back China’s recovery, says Nomura’s chief economist
· Hong Kong Pre-owned Property Prices Hit Eight-Year Low
While house prices continue to fall, the rental market remains robust potentially boosting investor interest
· Chinese Brokerage Tries to Control Damage After Intern Leaks Confidential Information
China Securities says it will work to mitigate impact of viral videos, in which the student also showed off his lavish lifestyle
· Creditors of Two Evergrande EV Units Start Bankruptcy Process
The application is the latest blow to the automaker, which has struggled to consistently produce vehicles as its property-developer parent collapsed
· Policies to Level Education Playing Field Backfire, Study Finds
Three years after China outlawed for-profit tutoring of core subjects and the education spending gap has widened between wealthy and middle- to low-income families, Peking University survey shows
· Second Chinese Automaker to Invest in Huawei’s Smart Car Unit
Seres plans to deepen its collaboration with the tech giant by taking a stake in Yinwang Intelligent Technology
· Chinese Firm Featured in ‘American Factory’ Film Denies Being Target of U.S. Probe
Manufacturer Fuyao Glass says it is cooperating with a federal investigation into a third-party recruitment company
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This article was generated by Caixin Automation.
