China’s benchmark Shanghai Composite Index (000001.SH) gained 0.17% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 0.28%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.22% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.44%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Tea Chain ChaBaiDao Readies for Hong Kong Listing
Regulator OKs chain to join wave of Chinese tea shops going public in Hong Kong
· China Kicks off Cleanup of Local Financial Asset Exchanges
Hunan, Liaoning, Xi'an, and Chongqing shut local exchanges as nationwide clampdown gets under way
· ByteDance Holds Firm Against Selling TikTok Despite U.S. Ban Threat
Company not seeking buyer, views bill as an effective ban
· XPeng Flying Car One Step Closer to Commercial Takeoff
China’s civil aviation regulator accepted the type certificate application of XPeng’s flying car model as the company aims for mass-production by late 2025
· Exclusive: China Merchants Bank Punishes Two Private Banking Executives, Sources Say
Wang Nan was expelled from the Communist Party and dismissed from his position while Wang Yanrong was moved to a backwater department
· Starbucks Is Staying Out of China’s Coffee Price War, Founder Says
The U.S. chain must recognize the competition, but customers will upgrade their preferences from discount coffee over time, Howard Schultz says
· Analysis: Why China’s 30-Year Government Bonds Have Become an Investor Darling
Understanding their recent appeal requires a closer look at the interplay between supply and demand
· Rio Tinto, BHP CEOs See Opportunities in China’s Green Development Push
Jakob Stausholm and Mike Henry say the country’s endeavors will create new opportunities for their businesses
· China’s Personal Pension Funds See Surge in Accounts, but Contributions Lag
More than 50 million people had personal pension accounts at the end of 2023, but only around one-fifth of account holders had actually put money into them as of mid-year
· Former Taiwan Leader to Make First Visit to Beijing
Ma Ying-jeou in April will embark on only his second trip to the Chinese mainland, stopping in the capital during an 11-day tour
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This article was generated by Caixin Automation.
