May 11, 2021 03:03 PM

Shanghai Composite Index Rose 0.4% on Tuesday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.4% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 0.35%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.29% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) ended nearly flat.

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

· Census Shows China’s Population Grew Above 1.4 Billion Last Decade

Number of people in the country increased 5.38% from 2010 to 2020, NBS chief says

· China’s Digital Yuan Gets Access to Alibaba’s 1 Billion-Person User Base

Alipay customers can use central bank’s experimental digital currency to pay for food delivery, groceries and online purchases

· Update: Police Launch Probe Into How Leopards Got Loose From East China Safari Park

Hangzhou park struggles to explain why it took days to inform the public about the escaped predators

· Fosun, BioNTech in $200 Million China Vaccine Venture

Pair will build Shanghai factory with capacity to make 1 billion doses of German company’s mRNA-based inoculations each year

· China Became Asia-Pacific’s Largest Open-End Fund Market in 2020, Report Says

Total net assets in the country's regulated open-ended investment funds reached $2.7 trillion at the end of last year, up from $1.9 trillion in 2019

· Chinese Online Insurer Waterdrop Suffers 19.2% Share Price Decline in NYSE Debut

IPO by Tencent-backed insurer follows recent crackdown on fintech firms, including Waterdrop, which shut down its online healthcare mutual aid

· Internet Watchdog Cheesed Off at Talent Show Fans That Dumped Dairy Down the Drain

Officials says pop idol-loving youth crossed a line by wasting food

· Alibaba, Tencent-Backed Edtech Firms Fined for False Advertising

China’s market regulator fined Alibaba-backed Zuoyebang and Tencent-backed Yuanfudao $389,000 each

· In Depth: China Starts Sending Covid-19 Aid to India as U.S. Dithers

By offering a helping hand, China is aiming to protect itself from the pandemic, while also trying to mend fences with its neighbor, experts say

· China Finalizes Merger of Two Largest State Chemical Firms, Creating Sinochem Holdings

Subsidiary Syngenta remains the wildcard in the deal as it has signaled plans to IPO in mid-2022 in a move that could relieve debt pressures accumulated during its $43 billion 2016 acquisition

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
Share this article
Open WeChat and scan the QR code