Shanghai Composite Index Rose 0.54% on Tuesday
Below is a rundown of the top China business and finance stories, plus other news for the day:
Chinese companies, investors eye Singapore listing; Singapore exchange launched SPACs to revive local IPO market
Local governments in China’s Jilin province work to boost energy supply and head off massive outages; cement prices top record highs as plants shut down; China now has 6.7 million NEVs
Power generators are being squeezed by low prices, capacity constraints as demand far outstrips supply; conservation and emissions measures add to problem are but not to blame
In latest Guangzhou land sale, state-owned developers apparently stepped in to support the market; fewer than half the offered properties were sold, and fewer still topped their offering prices
Deadly apartment fire sparked by charging lithium battery puts government and riders of China’s 300 million electric bikes in regulatory bind
In response to China’s latest virtual currency bans, company stops accepting fresh sign-ups and promises to close existing China-based accounts by year-end
Neuberger Berman follows Blackrock and Fidelity International into a market that saw funds raise more than 3 trillion yuan last year
Central bank deputy governor pushes for domestic pilot program to be expanded and more green bonds to be issued on the global market
The change forces the heavily indebted developer to prioritize finishing construction on homes it has already sold over paying back its creditors
Authorities dispatch working groups to several regions including Henan and Shaanxi to assist with relief efforts
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