China’s benchmark Shanghai Composite Index (000001.SH) lost 1.07% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 1.58%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.36% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.53%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Hong Kong Approval Expands Mainlanders’ Access to mRNA Covid Shots
BioNTech vaccine marketed by Fosun Pharma wins official registration, elevating authorization from emergency use
· China’s Former Industry Minister Expelled From Communist Party
Xiao Yaqing, accused of bribery, is demoted and sent into retirement after admitting wrongdoing and giving up all illegal income
· Analysis: How China Counts — and Doesn't Count — Covid Deaths
The classification offers clues as to why the cases of a 74-year-old man and a university student, both of whom caught the virus and died last week, were considered non-Covid deaths
· China Real Estate’s Nagging Woes Are ‘Top Priority,’ State Economist Says
Han Wenxiu, deputy chief of a leading economic body’s general office, advocates ending a years-long pattern of high debt, high leverage and quick turnover
· China’s State Drugmakers Scramble to Stock Pharmacy Shelves Amid Run on Covid Medicines
Sinopharm and China General Technology boost production, with deliveries running around the clock after the sudden reversal of ‘zero-Covid’
· Covid Surge Leaves Blood Banks Begging for Donations Around China
Health authorities update rules for donors to allow Covid patients to give blood seven days after testing positive
· China to Experience Three Waves of Covid Infections, Expert Says
Wu Zunyou, chief epidemiologist at the China CDC, predicts the first wave will run until mid-January, while subsequent ones will result from traveling for the Lunar New Year
· Xinjiang Justice Department Head Turns Himself In to Graft Investigators
Ainiwaer Siyiti, who is also the deputy secretary of the agency’s party committee, is suspected of ‘serious violations of discipline and law,’ a euphemism for corruption
· Macao Allows Travelers to Quarantine at Home in Latest China Easing Measure
Travelers will have to spend five days in home isolation and then stay in the region for five more days if they intend to travel to the mainland, local authorities say
· Weekend Long Read: There Is More to China’s Drop in Consumer Spending Than Covid-19
Consumption won’t rebound just because Covid policies have been relaxed. Multiple factors have upended household balance sheets, leaving them with reduced income and uncertain futures
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This article was generated by Caixin Automation.
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