China’s benchmark Shanghai Composite Index (000001.SH) gained 0.4% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.08%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.97% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.62%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Former Deputy Party Secretary of Xinjiang Under Corruption Probe
Top graft-buster says Li Pengxin, former deputy secretary of the Communist Party of the Xinjiang autonomous region of western China, is under investigation
· London-Bound China Eastern Flight Forced to Turn Back to Shanghai
A mechanical problem appears to have grounded the passenger jet, which spent two hours in the air before landing back home
· A Green Belt and Road Will Help Poor Nations in Climate Adaptation, Expert Says
Climate Alpha CEO says China can lead in exporting green technologies to developing countries, which have been pressured by international bodies to invest more in sustainable infrastructure
· Chinese Police Issue Wanted Notices on 10 Myanmar Cybercrime Ring Leaders
The former chairman of the Southeast Asian country’s Kokang Zone and nine others are accused of murder, telecom fraud and other crimes in schemes aimed at Chinese citizens
· China Stresses Prevention of Fentanyl Manufacturing, Trafficking
Authorities pushed for jointly combatting transnational drug crimes and deepening bilateral and multilateral anti-drug cooperation
· Cover Story: Record River of Graft Leads to Death Penalty for One-Time Water Official
The story of how Li Jianping, a mid-level municipal official in Inner Mongolia, amassed $420 million in illicit gains stunned the nation and sparked public outrage
· China’s Top Leadership Pledges Stronger Focus on Growth Next Year
Politburo meeting chaired by President Xi Jinping commits to spurring domestic demand and strengthening macro policies, as the country is on track to hit its annual growth target of around 5%
· China Agrees to Clarify Cross-Border Data Transfer Rules, EU President Says
Ursula von der Leyen said it would be ‘a big improvement for European companies’ doing business in China after face-to-face meetings in Beijing
· Weekend Long Read: There’s More Than Meets the Eye to China’s Visa Exemptions
The addition of six countries to the country’s visa-free entry program last month is a boon to inbound tourism, which not only brings immense economic value, but also enhances China’s image
· Cao Yu Retires as Vice Chairman of China’s Top Financial Regulator
Veteran bank regulator stands down as vice chairman of the NAFR on reaching retirement age
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This article was generated by Caixin Automation.
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