China’s benchmark Shanghai Composite Index (000001.SH) gained 0.28% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.23%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.09% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.06%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Q&A: A Balancing Act to Build a Safe and Efficient Energy System
China’s top energy executives discuss how the country should navigate its way to a clean energy future in a world rife with uncertainty
· Hotpot Restaurant Chain Haidilao Serves Up a Franchise Model
Restaurant chain seeks rapid expansion through franchisees while keeping a tight control on food safety and quality control
· China to Set 2024 GDP Growth Target at ‘Around 5%,’ Analysts Say
Market consensus on the projection is mounting ahead of the announcement of the official goal by Premier Li Qiang on Tuesday
· China’s Top Legislature Kicks Off Annual Meetings Down by Two Dozen
Twenty-four of the roughly 3,000 delegates to the National People’s Congress have had their membership revoked over the past year
· Commentary: How to Break China’s Excessive Dependence on Land Revenues
Last year, revenue from land sales fell 13.2% nationwide, exacerbating financial pressure on the country’s already cash-strapped local governments
· Commentary: Can Regulators Reverse China’s Market Slump?
History shows that government measures, however strong, cannot alter long-term trends in the stock market
· China’s Premier Will Not Hold Press Conference After ‘Two Sessions’ This Year
Li Qiang will also skip meetings with journalists after the annual political gatherings for the remainder of the current NPC session, which ends in 2028
· Commentary: Top Trends of Responsible Investment in China in 2024
The Central Financial Work Conference proposed improvement in five major areas: fintech, green finance, inclusive finance, pension finance and digital finance
· For Cars, Geely Still Can’t Break With the Conventional, Chairman Says
Vehicles that run on fossil fuels will remain the preferred choice for most new buyers in the foreseeable future despite the rising popularity of EVs, Li Shufu says
· Q&A: Ex-China MIIT Minister Shares How NEV Makers Can Build Powerhouse Global Brands
Miao Wei says Chinese car companies have far to go to reach their potential on world stage
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This article was generated by Caixin Automation.
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