China’s benchmark Shanghai Composite Index (000001.SH) lost 2.0% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 2.33%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 2.5% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 2.34%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Arrest Warrant Issued for Pop Star Kris Wu on Suspicion of Rape
Police detained the Chinese-Canadian celebrity last month as part of an investigation into a series of alleged sexual assaults
· Opinion: Why People Are Supporting Infectious Disease Expert Zhang Wenhong
It’s not because they disagree with the plagarism accusations, but because they think it is unfair to discredit someone just because people disagree with his views
· Rivals Seek to Capitalize on Wall Street English’s China Business Woes
The threat of bankruptcy comes as authorities last month introduced sweeping reforms to the after-school tutoring industry, but an analyst says language school’s troubles appeared to have little to do with the recent regulatory storm
· China Says Embassy in Afghanistan ‘Operating Normally’ After Taliban Take Control
Beijing ‘respects the will and choice of Afghan people,’ a Chinese Foreign Ministry spokesperson says
· Toughen Up Laws on Sexual Harassment in Wake of Alibaba Scandal, Chinese Experts Urge
Employers shouldn’t be able to duck their liability in such cases, Beijing seminar is told
· China Development Bank Corruption Dragnet Catches Another Official
Zhong Daohua, a senior manager, is the latest official to be investigated by the party’s anti-graft agency
· Graft Buster Reveals Details of Corruption in China’s Rural Credit System
The rural networks have long lacked sufficient regulatory oversight
· Covid-19 Surge Fills Up Tokyo Hospitals as Some Patients Told to Stay Home
Tokyo’s positive Covid cases with severe symptoms hit a new high of 227 Friday, while the nationwide number reached 1,521, a record, but the current death rate remains well below that of previous waves
Japanese prime minster vows country will never wage war again, China’s vaccinated population passes 770 million
· Trending in China: Bullying Game Wins Praise Even as It Dredges Up Bad Memories
Award-winning ‘The Transferred Student’s Choice’ is sparking debate on how school bullying can be stamped out
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This article was generated by Caixin Automation.
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