China’s benchmark Shanghai Composite Index (000001.SH) gained 0.22% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.08%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.01% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.14%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Congo’s $7 Billion Deal With China Linked to Copper Price Under New Contract
Nation will get $324 million annually for infrastructure projects from its Chinese partners through 2040 as long as copper remains above $8,000 per ton
· China to Further Open Up Telecom, Medical Sectors to Foreign Investors, Xi Says
During a state visit to France, the Chinese president called on Europe to work toward making each other ‘key partners’ for business cooperation, ‘priority partners’ in science and technology, and ‘trustworthy partners’ in industrial and supply chains
· Citadel Securities Faces Rival Bid for Credit Suisse’s China Venture
BSAM steps into the bidding for Credit Suisse Securities with a potentially more attractive proposal
· Chinese Airlines Profitability Improves as Travel Takes Off
China Southern Airlines is back in profit as Chinese travelers make 180 million trips in first quarter
· Beijing’s Show of Resolve Helps Drive Hang Seng on 10-Session Win Streak, Analysts Say
Investors are regaining confidence in the Chinese market after a recent Politburo meeting showed policymakers’ commitment to fixing economic problems
· Commentary: Labor Day Holiday Travel Soars With Recovery in Flights, Hotels
Five-day break also sees continued trends toward spending on experiences and increasing tourism in lower-tier cities
· China’s Top Trade Fair Draws Record Buyers, but Not Record Orders
Some 246,000 foreign buyers attend the spring session of the biannual Canton Fair, but the value of their purchases is 35% off the peak set in 2011
· China’s Top Health Body Gets New Party Chief
Lei Haichao is promoted from vice minister, while ministerial role remains empty
· Xi Looks to Cement Friendship and Enhance Trust on France Visit
On his first visit to Europe in five years, president calls for more collaboration in innovation and green development
· Opinion: How to Ensure Equipment Upgrades Give China’s Economy a Second Wind
Upgrades are critical, but the government must avoid needless updates, guard against undue haste and prevent known issues like subsidy fraud
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This article was generated by Caixin Automation.
