China’s benchmark Shanghai Composite Index (000001.SH) gained 0.49% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.25%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.23% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.76%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China’s New Personal Pension System Gets Lukewarm Response
Just 28 million people sign up for retirement accounts and even fewer make contributions, data from Ministry of Human Resources and Social Security show
· Yangzijiang Shipbuilding Buys Singapore Office Tower for $300 Million
China’s largest private shipbuilder sees all-cash investment as an inflation hedge as Vietnam’s Van Thinh Phat Holdings sells at a loss amid allegations of bond fraud
· China and Australia Can Do More to Lower Trade Barriers, Official Says
Assistant Minister for Trade Tim Ayres says both countries would benefit from a full resumption of exports and imports and resolving ‘trade impediments’ without the WTO
· Huawei Struggling to Grow Smart Car Business, Executive Says
Chinese automakers prefer to keep control over their driving tech, while U.S. sanctions make international firms wary, Richard Yu says
· Citic Unit to Acquire Controlling Stake in Steelmaker From Debt-Strapped Fosun
After a last-minute bid, a firm owned by the state-owned heavyweight will pay about $2 billion for the 60% stake in Nanjing Nangang Iron & Steel United
· Caixin China New Economy Index Shrinks on Decline in Capital Investment
The gauge that tracks the size of high value-added industries such as biotech dropped 1.2 points to 28.3 in March
· Singapore and China’s Upgraded Relationship: What It Means
A slew of new pacts pave the way for more collaboration in areas from the Belt and Road Initiative dispute mediation to food safety and trade
· China Welcomes Japanese Foreign Minister’s Visit to ‘Manage Differences’
Yoshimasa Hayashi is making a two-day visit from April 1 and is expected to discuss the Japanese businessman detained on allegations of espionage
· Former Beijing Auto Group Chairman Probed by Capital’s Graft Buster
Xu Heyi retired from the top job about three years ago and no details were given in the statement from the Beijing Commission for Discipline Inspection
· Cover Story: IMF Chief Georgieva on How to Operate in World of Uncertainty
The fund’s managing director explains why central banks need to be nimble, regulators ought to be decisive, and China should hold fast to its green goals
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This article was generated by Caixin Automation.
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