China’s benchmark Shanghai Composite Index (000001.SH) gained 0.32% on Tuesday, while the Shenzhen Component Index (399001.SZ) closed nearly flat.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.55% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.73%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China Mobile Prepares Shanghai Offering as U.S. Delisting Looms
Wireless telecom operator would offer 4.5% of its issued shares and raise an undisclosed amount to fund infrastructure investments
· Didi Partners With GAC Aion to Build Smart Electric Cars
Ride-hailing giant and unit of Guangzhou Automobile plan strategic link-up to develop fully autonomous-driving vehicles
Deadly coal mine fire in Chongqing attributable to 26 individuals, authorities say; Tesla finds its brakes worked normally; Ganfeng Lithium may make batteries in Argentina
· China Promotes Private Retirement Savings to Shore Up Strained Pension System
Insurance regulator plans pilot program that will allow workers to open their own self-funded retirement accounts
· Eve Energy’s Denial of Tesla Tie-Up Talks Fails to Slow Down Surging Shares
Battery-maker’s shares rose 5% Monday and have rallied nearly 20% since Reuters report late last week that cited unnamed sources
· Tokopedia-Gojek Merger to Create Southeast Asia Internet Giant
The two Indonesian companies count Chinese giants Alibaba and JD.com among their backers, and could challenge Alibaba’s own Lazada
· China Securities Regulator Probes ‘Pump and Dump’ Allegations
Investigation centers on accusations that publicly traded mainland companies, along with fund managers and brokers who promote them, manipulated stock prices
· China Takes Aim at Illicit Fuel Trading With New Taxes
Government to slap consumption duties on four types of imported refined oils that are currently sold illegally
· China’s Latest Census Shows Foreigners Flocking to the Sleepy Southwest
Overseas residents declined in Beijing and Shanghai while they rose in Guangdong and Yunnan, which straddles border with Myanmar, Laos and Vietnam
· China Takes Aim at Illicit Fuel Trading With New Taxes
Government to slap consumption duties on four types of imported refined oils that are currently sold illegally
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This article was generated by Caixin Automation.
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