China’s benchmark Shanghai Composite Index (000001.SH) gained 1.19% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 1.92%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 3.37% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 2.33%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Top Stories of the Month: Why China’s Seniors Hesitate to Get Vaccinated
The government has been trying to get shots specifically into the arms of people over 60 for more than a year, yet the vaccination rate of this most vulnerable group has remained consistently low
· Exclusive: Qualcomm Plans to Be in China for the Long Haul
CEO Cristiano Amon says American semiconductor giant can show what U.S.-Sino cooperation can look like despite bilateral tensions
· China’s Aviation Regulator Halts Subsidies to Airlines
Flights drop as Covid-relief plan kicks in, raising concerns of carriers sandbagging to collect government payments
· Shanghai Announces Raft of Policies to Resurrect Economy
Government aiming, in particular, to prop up the property market, smaller enterprises, and consumer demand
· China Draws From Next Year’s Budget for Local Government Handouts
The early release of funds originally earmarked for next year shows the lengths that Beijing is willing to go to bolster local economies hit hard by stringent Covid-19 control measures
· China’s Top EV-Maker BYD Revs Up Brazil Expansion
Shenzhen-listed automaker plans to increase its number of franchise dealerships in the South American country to 100 by the end of 2023
· Cover Story: The Covid-Fighting Struggle of China’s Nursing Homes
Living Shanghai resident in a body bag symbolizes deep-seated failures of the country’s nascent system of caring for a burgeoning elderly population
· Beijing Probes Whether Hospital Covid Protocols Contributed to Man’s Death
Father claims hospital initially refused to admit his critically ill son with resulting delay in sending an ambulance proving fatal
· Hong Kong-Mainland ETF Connect May Start in Two Months
Beijing and Hong Kong securities regulators agree on plan to carry out exchange-traded fund link proposed in December
· Kangmei Investors Collect $364 Million in First Class-Action Judgment
Scandal-plagued drugmaker issues fraud compensation payments to 52,000 stockholders under terms of November court ruling
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This article was generated by Caixin Automation.
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