China’s benchmark Shanghai Composite Index (000001.SH) gained 0.17% on Tuesday, while the Shenzhen Component Index (399001.SZ) closed nearly flat.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.9% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) ended nearly flat.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Elliott Associates Sues LME for $456 Million in Nickel Debacle
HKEX’s London Metal Exchange wrongfully canceled trades in March price spike, American vulture fund alleges in U.K. lawsuit
· Airbnb Lets Users Export Listings to Rivals as It Checks Out of China
California-based rental giant says it signed agreements to facilitate the transfer of China-based listings to competitors such as Meituan Homestay, Xiaozhu, Tujia and Fliggy
· State-Owned Firm Plows $180 Million Into Local Private Developer
Henan province-owned company could end up as Central China Real Estate’s largest shareholder if it fails to make debt payments
· Beijing Drops More Covid Rules as Outbreak Declared ‘Under Control’
Parks and restaurants welcomed people again as citywide test interval extended to 72 hours
· Cover Story: Balancing China’s Development With Need for Food Production
Government aims to harness market forces in managing the trading of land-use rights between urban and farming areas
· China to Launch Three Astronauts to Complete Work on First Space Station
Third crew to work on Tiangong will spend six months carrying out final assembly tasks
· Train Derailment in Southwest China Kills Driver, Injures Eight
Remaining 136 passengers evacuated after train hit a mudslide causing two cars to leave the tracks
· Chinese Energy Titan Sinopec Gets New President
Oil industry veteran Zhao Dong brings financial and overseas business skills to the position
· Archive Interview: Lee Hsien Loong on What Singapore Can – and Can’t – Teach China
In 2014, the Singaporean prime minister discussed a wide range of topics ranging from how to maintain Singaporean economic competitiveness to how the city-state positions itself in the regional and international geopolitical landscape
· Five Things to Know About China’s Plans for Regular Mass Covid Testing
Why is the country taking on this burden, how much will it cost and what barriers are there to success?
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This article was generated by Caixin Automation.
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