China’s benchmark Shanghai Composite Index (000001.SH) gained 0.45% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.66%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 2.06% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.76%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Energy Insider: Sinopec Swings to Profit on Oil Price Rebound
China’s energy storage industry booms with government encouragement; Beijing power suppliers cry uncle as coal prices rise and electricity rates fall
· Meituan Reports More Red Ink Thanks to New Businesses
Deficits from community group buying and other additions more than offset doubling of profits from core food-delivery and hotel operations
· Shares Linked to China’s Second-Largest Broadcaster Plummet Amid Star’s Sexual Assault Scandal
Shenzhen-listed Mango Excellent Media’s share price has dropped by 13% since a high-profile talk show host was accused of sexual assault
· Chinese Gaming Shares Slump as Minors Limited to Three Hours’ Play Per Week
Tough new limits for underage players send stocks of NetEase, Bilibili down
· Sinopec Swings Back to Profit on Rebound in Oil Prices
China’s biggest oil refiner reports higher earnings as post-pandemic recovery lifts demand for refined oil products and chemicals
National health authorities say China should avoid ‘one size fits all’ vaccination policy, U.S. kills Islamic State militants in Afghanistan
· China’s Youngest Provincial Capital Chief Shows Growing Regional Role of Female Officials
Shi Xiaolin, 52, a former Shanghai official, named the party chief for Sichuan capital city Chengdu, making her the youngest official to hold such a top position in a provincial capital city, and one of a string of recent promotions of women to senior party roles
· China’s Sovereign Wealth Fund Reports Weaker Overseas Gains in 2020
China Investment Corp. managed a 14% annual net return on offshore investment last year, down more than three percentage points from 2019
· Tianqi Lithium Back in the Black on Surging Prices
As one of the world's top producers of electric vehicle battery component lithium, the company saw revenue jump 25% in the first half
· Geely’s Electric Car Brand Raises $500 Million
Zeekr plans to launch six models within three years
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This article was generated by Caixin Automation.
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