Shanghai Composite Index Rose 0.53% on Tuesday
Below is a rundown of the top China business and finance stories, plus other news for the day:
Regulatory crackdown undermines U.S.-traded shares while underscoring long-standing issues casting a shadow over ride-hailing company’s outlook
Billionaire lost control over retailing giant following $1.35 billion state-led bailout as aggressive expansion resulted in liquidity crisis
China juices up drive into EV battery swapping centers; the country’s carbon market heads toward $25.9 billion this year; Zijin Mining’s Congo copper project gets going
Ride-hailing giant’s rush to raise funds in a U.S. IPO may have been driven by pressure from investors eager to cash out some of their $35 billion of equity
Carmaker Nio and gas station operator Sinopec join rush to build thousands of battery-changing centers in next five years to lay infrastructure for industry's expansion
CSI and Jinko Solar are aiming to raise a combined $1.5 billion through IPOs on China’s STAR Market to complement their U.S. listings
Dagong Global given six months to clean up its act after failing to properly analyze or inspect the businesses it was evaluating
Company will be absorbed by Beijing-city owned stakeholder after years of lackluster turnover and low prices of its H-shares
Didi told to remove 25 more apps as regulators ramp up crackdown and Washington blacklists 10 Chinese companies
About 1.37 billion trips were taken on the country’s railways in the first half, up two-thirds from 2020
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