Shanghai Composite Index Rose 0.62% on Tuesday
China’s benchmark Shanghai Composite Index (000001.SH) gained 0.62% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 0.85%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.19% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.37%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
Malaysian airline’s CEO Tony Fernandes ‘very optimistic’ for restart of global air travel in second half
Compensation covers spending for consultancy services, design of infrastructure and manpower
UAE is the first nation in the U.S.-allied Gulf to start coronavirus vaccine production, boosting its efforts to become a supply center for the Middle East
Authorities in Shanghai and Beijing initiate crackdowns on the tutoring industry. Archegos makes education stocks' bad situation worse
Zhuhai city government puts $457.34 million into restructured operation as the company prepares for a Hong Kong public offering
Heavy investment in research and expansion amid Covid-19 pandemic accounts for red ink, which the company projects will continue for some time
Giant developer continues strategy of tapping outside investors in subsidiaries to raise funds to finance growth
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