China’s benchmark Shanghai Composite Index (000001.SH) gained 0.53% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 1.38%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.01% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.24%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China’s Premier Calls for More Effective Measures to Stabilize Stock Market
State Council says China needs to strengthen capital market rules and to persuade funds to invest in stock to maintain the economic recovery
· Huawei in Partnership with Dongfeng’s Luxury NEV Unit Voyah
Huawei’s partnership with Voyah is its latest move as it seeks to become a world-class leader in the intelligent-driving field
· Chinese Sovereign Wealth Fund CIC to Promote New President, Sources Say
Executive Vice President Liu Haoling is set to replace Ju Weimin, people with knowledge of the matter tell Caixin
· Huawei Plans Nokia JV Buyout With Local Consortium
The tech giant is teaming up with two SOEs and a Chinese private equity investor to give the Finnish firm its exit
· Former Provincial Vice Governor Stung in Graft Probe
Su Zengtian, also an ex-vice chairman of Fujian province’s top legislative body, is suspected of ‘serious violations of discipline and law’
· ICBC Appoints President as Party Chief in Step Closer to Chairman Role
Banking veteran Liao Lin, who has served as ICBC’s president since 2021, takes over the role from Chen Siqing
· China, U.S. Agriculture Heads Restart Dialogue on Cooperation After Eight-Year Hiatus
Tang Renjian and his U.S. counterpart Tom Vilsack met in Washington in the first meeting of the China-U.S. Joint Committee on Cooperation in Agriculture since 2015
· Rents Fall as Demand for Beijing Office Space Sluggish
One-fifth of grade A office buildings in Beijing vacant as more tenants end leases than sign up for new ones
· Former ICBC Anti-Graft Chief Expelled from Communist Party for Bribery
Bribery charges against veteran anti-corruption chief who hid overseas immigrant status sent to prosecutors
· AI, Data and Trust in Technology Drive Innovation in Manufacturing, Caixin Davos Panel Says
Leaders including Michael Suess, executive chairman of OC Oerlikon, and Ashwini Vaishnaw, India’s IT minister, join the discussion at the annual World Economic Forum
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.
