Caixin
Oct 19, 2021 03:03 PM
FINANCE

Shanghai Composite Index Rose 0.7% on Tuesday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.7% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 1.04%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.05% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.64%.

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

· Exclusive: Seven Investors in Unigroup Takeover Talks

Restructuring of semiconductor giant accelerates as China Electronics and a Shanghai consortium join five bidders shortlisted in June

· Energy Insider: Baosteel, Toyota Face Patent Infringement Suit by Nippon Steel

CATL signs battery deal with Detroit EV maker; Li Auto starts construction of new Beijing factory; electricity prices rise in Shandong and Jiangsu

· Full Text: Xi Jinping's Speech on Boosting Common Prosperity

‘To achieve common prosperity for 1.4 billion Chinese people, we must take concrete, long-lasting action, but it does not mean simultaneous prosperity for everyone’

· Exclusive: Alibaba Set to Launch Its Own Cloud Server Chip

Alibaba Cloud’s custom-designed chip, which is based on Softbank’s ARM architecture, seen as a competitive response to the perceived technology advantage of rival Amazon Web Services ’s own line of ARM-based chips

· Aluminum Giant Says It’s Seeking Help From Unnamed Entities for Unspecified ‘Difficulties’

First glimpse into Zhongwang’s status this year seemingly reveals it’s not being buoyed by booming market

· China’s Communist Party Announces November Dates for Sixth Plenary Session

19th Central Committee will meet from Nov. 8 to Nov. 11 in Beijing to consider a resolution on the party’s major achievements of the last 100 years

· Steel Company Employees Indicted for Falsifying Emissions Data

Tangshan Songting Iron & Steel violated regulations by failing to halt production during periods of heavy pollution in March

· China Should Tailor Carbon Emission Target Deadlines for Different Industries, Government Researcher Says

At a Caixin co-sponsored forum, Wang Jinnan also says steel and cement sectors might peak well ahead of the deadline

· Opinion: Kunming Conference Offers Vision for Biodiversity’s Future

For the U.N.’s 15th biodiversity convention, the elephant in the room has been how little attention the topic has received compared with climate change

· Hong Kong’s New China Stock Index Futures Fall in Debut

The most-traded MSCI China A 50 Connect Index futures contract finished the first day of trading down 0.8%

Click here to read more of the latest news.

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