Caixin
Mar 30, 2021 03:03 PM
FINANCE

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:

· Airasia Records Worst-Ever Earnings, but Sees Brighter Year Ahead

Malaysian airline’s CEO Tony Fernandes ‘very optimistic’ for restart of global air travel in second half

· Malaysia Pays Singapore for Costs Incurred in Terminated High-Speed Rail Project

Compensation covers spending for consultancy services, design of infrastructure and manpower

· Abu Dhabi Looks to Become Pharma Hub After Sinopharm Deal

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

· Xiaomi and Oppo Expected to Overtake Huawei in UK Smartphone Market

· Great Wall Bets on Hydrogen to Power New SUV

· Buffett-Backed BYD’s Profit Surges 162% on Electric-Car Boom

· CX Daily: Loan Shark Gang Pocketed $430 Million as It Drove 89 to Suicide

Authorities in Shanghai and Beijing initiate crackdowns on the tutoring industry. Archegos makes education stocks' bad situation worse

· Wanda Secures State Investment for New Property Management Unit

Zhuhai city government puts $457.34 million into restructured operation as the company prepares for a Hong Kong public offering

· Covid Vaccine Maker CanSino Posts Wider Loss

Heavy investment in research and expansion amid Covid-19 pandemic accounts for red ink, which the company projects will continue for some time

· Evergrande Sells Online Unit Stake for $2.1 Billion Before IPO

Giant developer continues strategy of tapping outside investors in subsidiaries to raise funds to finance growth

Click here to read more of the latest news.

This article was generated by Caixin Automation.

Download our app to receive breaking news alerts and read the news on the go.

Follow the Chinese markets in real time with Caixin Global’s new stock database.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code