China’s benchmark Shanghai Composite Index (000001.SH) gained 0.41% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 1.05%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.43% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.33%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Chinese Stock Rebound Sparks Rush to Raise Funds
Key benchmarks on the Chinese mainland and in Hong Kong have bounced back from lows earlier this year, giving firms more confidence that their efforts will succeed
· Tianqi Considers Action to Protect Its Stake in Chilean Lithium Mining Firm
Chilean government behind deal between SQM and Codelco to increase state control of lithium assets
· Sovereign Wealth Fund CIC Names Veteran Banker as Deputy Head
Chen Zhong appointed vice president and chief financial officer of CIC, filling the roles of Liu Haoling who is now president and vice chairman
· PwC China in Crisis as Major Clients Terminate Contracts in Wake of Evergrande Scandal
State-owned firms and financial institutions have terminated or decided to terminate audit deals, raising questions about the accounting firm’s future in the country
· China’s Defense Minister Warns Against Interfering on Taiwan Issue
Chinese military will ‘take resolute actions’ to make sure separatist efforts never succeed on the island, defense chief Dong Jun says at the annual Shangri-La Dialogue
· China Sets Up Fund to Spur Development of Solid-State EV Batteries, Source Says
The move is a sign of policymakers’ eagerness to commercialize the technology and keep Chinese companies at the head of the global race to develop longer-range and safer EV power cells
· Opinion: How to Better Mobilize Private Investment in the Chip Sector
Facilitating the integration of technology, industry and finance can help foster a more stable and confident market
· Cover Story: Yen’s Decline Tied to U.S.-Japan Rate Gap Is Seen Stretching to 2025
Japanese tourism and exports see gains while fund outflows and higher import costs cause pain
Dong Jun urges the U.S. to correct its mistakes and adhere to the one-China principle without ‘assisting Taiwan with military means’
· China Explains Why It Is ‘Hardly Able’ to Attend Ukraine Peace Summit in Switzerland
Foreign ministry spokesperson Mao Ning cited differences between how meeting has been arranged and China’s principles, saying it ‘will continue to promote talks for peace in our own way’
Click here to read more of the latest news.
This article was generated by Caixin Automation.
