China’s benchmark Shanghai Composite Index (000001.SH) lost 0.37% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.34%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.49% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.31%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Chinese Steel Companies Continue Facing Sluggish Demand as New Construction Falls
Industry out over 70% of profits in first five months, with nearly half of all steel companies reporting losses
· Chinese Pre-Owned Housing Prices Slide Again in June
Data provides clearer picture than new home sales as market subject to fewer factors
· First Batch of China Green Bonds Deemed Compliant With Shared EU Standard
A total of 193 bonds have been deemed to be in line with the Common Ground Taxonomy, which experts say makes them more marketable to global investors
· Ex-Senior Education Official Pleads Guilty to Embezzlement and Bribery
Wang Dengfeng, who oversaw promoting Chinese youth soccer at the ministry, is charged with offenses involving more than $7 million
· Another Ex-Chairman of China Everbright Group Investigated for Suspected Corruption
Tang Shuangning, who has been unreachable since last week, follows his successor, Li Xiaopeng, in falling under a graft probe
· Cover Story: Fund Manager's Dark Arts Lift Lid on China's Debt Mess
One individual gamed the murky system of structured bonds to raise billions for local governments, with regulators now scrambling to eradicate the practice that could help derail the economic recovery
· ANZ to Shutter Wholly-Owned Bank in Chongqing in Asia Strategy Shift
Australia and New Zealand Banking Group began tweak to focus to large corporate and institutional clients in the region in 2016
· China Trade With Latin America Rises 7% in Value in First Half
Countries including Mexico and Brazil stepped up purchases of manufacturing equipment, and Chinese automakers raced to expand operations in the region
· Weekend Long Read: Contradictions, Convictions and Conundrums in the Asian Century
Speaking at Caixin’s Asia New Vision Forum, Singapore’s former U.N. Ambassador Kishore Mahbubani explains just how serious the fraught U.S.-China relationship is for the rest of Asia, and the world
· Chinese Collapsed P2P Platform Founder Sentenced to Life Imprisonment
Peng Tie was convicted of illegally taking over a billion dollars from deposits
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This article was generated by Caixin Automation.
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