China’s benchmark Shanghai Composite Index (000001.SH) gained 0.31% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 0.17%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.87% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.22%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Government Borrowings Boosted China’s Credit Growth in October
New loans rise 17%, beating estimates, even as households borrow less amid the protracted housing market slump
· China Tells Government Units to Book Events at Fancy Hotels
Tourism Ministry proposes reversing 11-year-old corruption-fighting ban on using star-rated facilities as Beijing focuses on expanding tourism industry capacity
· Investigators Probe Fatal Fall of Businessman Implicated in Corruption Probe
Before his death, the chairman of a Changzhou-based company said in a last testament that he was coerced into confessing to accepting $1.1 million from a local official
· Alibaba, JD.com Report Double 11 Sales Growth
The e-commerce giants did not release specific figures, as they rolled out discount-heavy strategies to encourage spending as the world’s second-largest economy wrestles with sluggish demand
· Wanted in China: Four Myanmar Telecom Scam Ring Leaders
The four are wanted for alleged crimes that go well beyond fraud, including assault, kidnapping and murder
· Former China Securities Regulatory Official Expelled From Communist Party for Alleged Bribery
Yang Chunlei became the target of a probe when her husband Cong Lin, former president of investment bank China Renaissance, came under investigation last year
· Provincial Health Chief Turns Himself In for Graft Probe
Zhu Hong, head of Guangdong’s health commission, is being investigated for ‘suspected serious violations of discipline and law’
· Cover Story: Charles Li’s Micro Connect Sells New Loan Model to China’s Small Businesses
Borrowers must pledge percentages of sales to repay debt
· Xi, Biden to Meet on Sidelines of APEC Summit in San Francisco
The two heads of state are expected to discuss a range of topics including continued importance of maintaining open lines of communication
· 10 Key Takeaways From the Caixin Summit
The annual conference brought together business leaders, experts and scholars who offered key insights and various perspectives on pivotal China-related topics
Click here to read more of the latest news.
This article was generated by Caixin Automation.
Follow the Chinese markets in real time with Caixin Global’s new stock database.
