Shanghai Composite Index Fell 0.93% on Tuesday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.93% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 1.12%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.51% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.12%.

Below is a rundown of the top China business and finance stories, plus other news for the day:

· China Hurdle Threatens Applied Materials’ Bid for Kokusai Electric

No green light from regulators by Friday would mean a $154 million termination fee for current owner KKR

· Rich Chinese Moms Draw Daio Paper’s High-End Feminine Products

Japanese company to leverage name recognition built though baby diapers

· JD.com Commits $800 Million to be Majority Shareholder of Delivery Firm Dada

· CCI Partners with GCL to Form $1.5 Billion Carbon Neutrality Fund

Companies meet strong demand for green finance as Beijing seeks lower carbon emissions

· China Remains Top Source of Foreign Students in the U.S. Despite Pandemic Plunge

Enrollments by Chinese students dropped 92,000 last year but China still contributes almost a third of total

· China Aims to Improve Access to New Medicines for Residents of Greater Bay Area

Pilot program would supply drugs to region before rest of mainland

· American Corn Sales to China Surge to Record Despite Lingering Trade Tensions

China’s corn demand rises as it rebuilds stockpiles and hog herd recovers from illness

· China’s Former Grid Chief Sees Emissions Peaking Early in 2028

Big increase in renewables, smart-grid technology, and new transmission lines would drive energy transition

· Latest Haul From 5,000-Year-Old Site Shines Light on Sichuan’s Ancient Culture

Discoveries in ‘sacrificial pits’ include a large gold mask, bird-shaped ornaments and 120 pieces of ivory

· Suning.com-Controlled Carrefour China Eyes Potential IPO and Seeks New Strategic Investors

Retailer’s hunt for new investment comes amid mounting liquidity pressures for its parent, which recently received partial bailout from enterprises controlled by Shenzhen municipal government

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