Jul 06, 2021 03:03 PM

Shanghai Composite Index Fell 0.11% on Tuesday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.11% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.35%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 2.74% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.79%.

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

· Analysis: Didi’s Fate and China’s Overseas Share Sale Policies

Heavy regulatory blows to ride-sharing giant after $4.4 billion U.S. flotation show how foreign-traded Chinese companies are under intense scrutiny at home and abroad

· Editorial: Its Economy Already Humming, China Has Room to Forge Ahead With Reform

With this year’s GDP forecasts rising, policymakers have the chance to address the structural issues that could impede growth in the years to come

· Update: After Didi, Two More Freshly Listed Companies Fall Under Security Probe

China’s cyberspace administration orders recruitment platform Boss Zhipin and two apps run by Full Truck Alliance to stop registering new users

· Home Cleaning and Services Firm Daojia Files for NYSE IPO

Daojia, which was spun out of several years ago, is seeking to expand services, boost marketing and to fund potential investments in crowded Chinese market

· Chinese Scientists Defend Research That Got Male Rats Pregnant

The experiment followed the principles of animal ethics, says one of the authors, after questions emerge over its necessity and justification

· Xi to Give Keynote Speech at Parties Summit, Didi Ordered Off App Stores, Chinese Astronauts in Space

Henan proposes increases in maternity leave and Putin signs revised national security strategy

· Spacewalk Successful as Shenzhou-12 Crew Settles Into Life Aboard China’s Space Station

Tiangong station comes with plenty of creature comforts, including separate bedrooms for crew, gym equipment, fully stocked space-food pantry, home entertainment and VR family messaging system

· Soy-Milk Maker’s Shares Sour Due to Boycott Calls

Vitasoy becomes a target of ire after internal memo on employee who died after attacking a Hong Kong cop

· Former Chief of China’s Mint Faces Graft Probe

He Lin, who also had a stint at the central bank, faces an investigation apparently linked to procurement

· Electricity Giant Huadian Powers Up New-Energy Unit

Huadian Fuxin Energy’s launch follows a year-long overhaul to move all of the power major’s renewable assets into one entity

Click here to read more of the latest news.

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