Shanghai Composite Index Fell 0.54% on Tuesday
China’s benchmark Shanghai Composite Index (000001.SH) lost 0.54% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.98%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.01% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.61%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
Steel prices forecast to remain high amid strong demand; auto production slowed by parts shortages; pandemic has stocks of shipping containers out of whack
Inner Mongolia dairy giant would use the proceeds to expand the herd, facilities and pastureland in competition with Mengniu’s China Modern Dairy
After-school training company is part of an industry facing new protection-of-minors legal restrictions and heightened government pressure over illegal activities
Citic Group subsidiary and Everbright apply to become financial holding companies under the tightened central bank rules introduced in September
Zhongshan to test all of its 3 million residents in a bid to block the spread of the virus from nearby cities
Localities will have to transfer the power for collecting the revenue to tax authorities, which ultimately answer to Beijing
On Chinese social media, readers have been captivated by the foreign ministry’s condemnation of the U.S. and NASA’s plan to launch 128 baby squid into space
Third dose of Sinovac’s vaccine may increase antibody response tenfold, eight missing coal miners rescued
Deserted streets make navigation easier for vehicles powered by tech from Nissan-backed WeRide
Chinese capital has administered over 32 million shots since beginning its mass vaccination campaign in February
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This article was generated by Caixin Automation.
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