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:
Number of people in the country increased 5.38% from 2010 to 2020, NBS chief says
Alipay customers can use central bank’s experimental digital currency to pay for food delivery, groceries and online purchases
Hangzhou park struggles to explain why it took days to inform the public about the escaped predators
Pair will build Shanghai factory with capacity to make 1 billion doses of German company’s mRNA-based inoculations each year
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
IPO by Tencent-backed insurer follows recent crackdown on fintech firms, including Waterdrop, which shut down its online healthcare mutual aid
Officials says pop idol-loving youth crossed a line by wasting food
China’s market regulator fined Alibaba-backed Zuoyebang and Tencent-backed Yuanfudao $389,000 each
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
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
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