China’s benchmark Shanghai Composite Index (000001.SH) gained 1.02% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 0.2%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.64% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.07%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Hong Kong Experiences Financial Brain Drain Amid Covid Restrictions
Monetary authority and securities commission report doubling of staff turnover in 2021 as pandemic control policies hobble recruiting
· Geely Founder Li Shufu Takes Control of Smartphone Maker Meizu
Meizu founder Huang Zhang will retain a 9.79% stake while Alibaba’s Taobao is dumping its entire 27.23% holding
· North China City Launches Flash Campaign to Curb Gang Violence Amid National Outcry
Government drive is a response to a restaurant brawl in which women were assaulted by thugs
· Developers’ Desire to Cut Prices Poses Conundrum for Regulators
Property firms in South China ask the local government to relax restrictions on how much they can discount as many struggle to keep much-needed cash coming in
· Chinese Ride-Hailing Giant Didi Bids Goodbye to NYSE
The company’s stock closed 84% down from its IPO price on Friday before its trading moves to the over-the-counter market
· Opinion: Why No Bystanders Came to the Rescue of Women Being Assaulted in Tangshan
Encouraging citizens to be brave to fight for justice when they encounter wrongdoings requires a system of trust and protection that will keep them from legal jeopardy
· Japan to Boost Country’s Defense Capability
Prime Minister Fumio Kishida pledges that his country will ‘fundamentally reinforce' its ability to defend itself, citing Russia’s aggression in Ukraine as a threat to the international world order
· Cover Story: The Disarray in China’s Vocational Training System
Supply of skilled workers to keep the economy functioning shrivels after decades of emphasis on university education and professional training
· China Will Go to War if ‘Anyone Dares’ Aid Taiwan Independence, Defense Minister Warns
Wei Fenghe warns the U.S. at a security conference in Singapore that his country ‘will fight to the very end’ to defend its sovereignty over the island
· Hubei Province, Nanjing Cut Covid Quarantine Time
Centralized quarantine has been halved to seven days plus another seven in self-isolation for those from medium and high-risk areas
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This article was generated by Caixin Automation.
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