Shanghai Composite Index Rose 2.4% on Tuesday
China’s benchmark Shanghai Composite Index (000001.SH) gained 2.4% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 2.34%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 2.95% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 2.79%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
China’s national carbon market moves closer to reality; Jinko Power to sell solar stations for $72.7 million; Huayou Cobalt in $2.08 billion Indonesia venture.
Chinese tech giant’s dismissal of speculation drives down shares of BAIC BluePark New Energy Technology, Chongqing Sokon Industry and Chongqing Changan Automobile
Gansu Shengjing Sport and Culture Development had no formal employees even after operating the 100-km event four times
Deaths of 21 runners in freezing weather expose flaws in China’s deregulated and burgeoning sporting events industry, suggesting the need for an overhaul
Operator of popular Boss Zhipin platform says it has a shot at profitability if it can reign in big marketing expenses
91-year-old inventor of hybrid and super-hybrid rice variants helped save countless millions from hunger during five-decade research career cut short by recent fall in rice paddy
Policymakers set no upper limits on how much capacity can be added to grid this year, while shrugging off inflation fears in photovoltaic product inputs
Beijing has ramped up efforts to promote the CIPS as a way to boost the usage of yuan outside the country
Washington and Seoul signal they are open to engaging with Pyongyang; Israel and Hamas announce ceasefire; and Australia hit by worst rodent infestation in 40 years
China mourns the death of beloved plant scientist; suspect in deadly hit-and-run in Dalian ‘sought revenge’; and Shenzhen government is monitoring a swaying skyscraper
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