China’s benchmark Shanghai Composite Index (000001.SH) lost 0.92% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.86%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.83% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.1%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Guangzhou Eases Covid-19 Curbs as Flare-Up Subsides
The southern Chinese city has lifted lockdowns in 11 areas of five districts following a drop in new cases
· China Slams G-7 Statement as ‘Deliberate Slandering’ of the Country
The Chinese embassy in the U.K. denounces the G-7 summit as “block and power politics in a ‘small circle’ that intentionally creates confrontation and division”
· South China Nuclear Plant Rebuts Leak Reports
Environmental monitoring shows all radiological indicators remain ‘normal,’ plant’s operators says
· South China Nuclear Plant Rebuts Leak Reports
Environmental monitoring shows all environmental indicators remain ‘normal,’ plant’s operators says
· Wild Elephant Herd Halts Advance North as Lone Male Lags Behind
A young male left its fellows, which are now waiting for his return south of Yunnan’s provincial capital of Kunming
· Editorial: How to Break Local Governments’ Addiction to Land Sales Revenue
It is necessary to accelerate fiscal and taxation reform, straighten out the fiscal relationship between levels of government, and regulate tax revenue while ensuring that local governments have the wherewithal to build their economies and provides services to the people
· Gas Explosion Leaves at Least 25 Dead and Dozens Critically Injured in Central China
The blast, which occurred around 6:30 a.m. Sunday in the city of Shiyan, led a two-story food market to collapse, trapping ‘many’ people
· Cover Story: China Pushes Hydrogen Energy to Achieve Carbon Goals
Seeking technological breakthroughs for fuel cells, China alters incentives in quest to make zero-carbon green hydrogen cost-competitive
· Didi Files for Long-Awaited IPO, Even as Regulatory Headwinds Threaten Business
Planned U.S. listing could be one of the biggest stock market debuts this year
· Caixin Must-Read: PBOC Considers First Applications for New Financial Holding Company License
The best of our coverage over the past week, handpicked by our editors
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This article was generated by Caixin Automation.
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