China’s benchmark Shanghai Composite Index (000001.SH) gained 1.46% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 2.05%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.57% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 2.5%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· CAAC Vows to Strictly Implement Covid Flight Circuit Breakers
Aviation authority reports suspending 664 international flights this year under rules intended to lower the risk of spreading the pandemic
· Ex-Bank Regulator Kicked Out of Communist Part in Bribery Probe
Li Guorong accepted illegal payments related to Baoshang Bank failure while serving as a senior executive in the bank’s government takeover, graft busters say
· China’s Credit Growth Rebounds Faster Than Expected in March
Bank lending surges 154% to $491.4 billion as the government turns to credit easing to bolster the sluggish economy amid a Covid resurgence
· China Puts Local Protectionism on Notice in Dual Circulation Drive
New top document sets out guidelines to clear away long-standing obstructions and turn the country into one big, unified market
· Guangzhou Residents Rush to Stockpile Food as Covid Cases Discovered
Consumers emptied shelves at some stores in the metropolis after it announced citywide mass testing and dozens of new cases
· Highway Traffic Curbs Raise Concerns About Supply Chain Disruptions
China’s Ministry of Transport has urged local governments to avoid unreasonably strict restrictions on transportation as the country battles its worst Covid outbreak in two years
· China Stocks Dive Over Covid Controls
The sell-off came even though Chinese authorities in mid-March offered assurances of support for the economy
· China to Boost Health Cooperation With Portuguese-Speaking Nations, Premier Says
Li Keqiang tells forum that Macao is a bridge that connects China and Lusophone countries
· Beijing Vows to Accelerate Implementation of New Overseas IPO Rules
Head of securities regulatory body says channel of overseas listings will be kept ‘unclogged’ after Chinese companies shelved foreign listings, raising the ire of investors
· Shanghai to Ease Strict Lockdown Measures for Covid-Free Areas
At-home confinement will be lifted for those in residential communities that have been Covid-free for the previous seven days as anger mounts over access to food and medical care
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This article was generated by Caixin Automation.
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