China’s benchmark Shanghai Composite Index (000001.SH) lost 0.68% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 1.07%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.43% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.26%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Troubled Sichuan Trust Offers 40% to 80% Compensation to Investors
Company offers incentives to investors to accept repayment plan soon; compensation ratio weighted toward smaller players
· Two More Vivo Executives Detained in India in Money-Laundering Probe
China’s foreign affairs ministry ‘closely following’ latest arrests byIndia’s Enforcement Directorate; ministry asks for fair treatment for Chinese businesses in India
· Air China Order Gives Homegrown C919 Jets a Boost
Chinese flag carrier plans to add 17 of the domestically produced aircraft to cut maintenance costs, increase number of potential routes
· Year in Review: Chinese Diplomacy Springs to Action
A flurry of high-level meetings with the U.S., Europe and developing countries sought to ease bilateral tensions and boost global influence
· China’s Tsinghua University Names New President
Prestigious school promotes Li Luming, formerly one of its vice presidents and an expert in the integration of engineering and medical sciences
· Retired Dongfeng Motor Executive Becomes Latest to Fall Under Graft Probe
Tong Dongcheng joins several others at the state-owned automaker who have been caught up in a corruption campaign targeting the firms
· Cover Story: China Renews Affordable Housing Push to Ease Crunch
Government plan to promote construction must battle real estate slump
· China’s Top Court Building Case Database to Ensure Law Is Applied Consistently
Legal cases deemed to be a valuable reference will be included on the database, which will be accessible to the public, said the Supreme People’s Court
· China Drafts Rules to Tighten Limits on Monetization for Online Games
Proposed caps on how much players can top up their accounts for in-game spending and alerts for ‘irrational consumption behaviors’ sent shares in Tencent and NetEase tumbling
· Book Review: Hu Shuli Retraces Her Forebearers’ Wartime Footsteps in Indonesia
A Wartime Escape’ tells the story of group of Chinese intellectuals who fled from Singapore to Indonesia, where they lived in secret under Japanese occupation
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.
