Caixin
Nov 16, 2021 03:03 PM
FINANCE

Shanghai Composite Index Fell 0.33% on Tuesday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.33% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.15%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.79% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.24%.

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

· Xi Tells Biden That China and U.S. Should Respect Each Other and Cooperate

In the two leaders’ first virtual summit, the Chinese president says a solid bilateral relationship is needed to safeguard a peaceful international order

· Energy Insider: Steel Prices Plunge in China Amid Weak Demand

Hebei to stagger steel output to cut production; CNOOC aims to raise $5.49 billion in share sale; CATL to invest in Yongtai Technology shares

· China Housing Prices Slide Another Month, Pressuring Developers

Sales slump and credit crunch force property companies to slash prices in more Chinese cities, driving down resale values as well

· China Names Gan Lin Top Trust Buster Amid Internet Crackdown

Former agriculture professor with years of antitrust enforcement experience takes the reins of the top market regulator’s anti-monopoly bureau

· Shares Start Trading on the New Beijing Stock Exchange

The bourse’s opening highlights China’s latest efforts to make more funding available to small and midsize enterprises

· Mainland Firms’ Hong Kong Listings Could Face National Security Reviews as China Releases Draft Data Management Rules

If enacted, the regulations could create new headwinds for the information-rich firms that had pivoted their capital-raising plans to the city

· Caixin Summit: Shrinking Workforce Could Push Up Inflation, Economists Say

Rising prices have become a major concern for policymakers and investors in the wake of the pandemic

· APEC Economies Now Share Ambition for Broader Free Trade Pacts, New Zealand Leader Says

Prime Minister Jacinda Ardern says growing interest among Asia-Pacific Economic Cooperation members ‘bodes well’ for future regional agreements

· China’s Steel Futures Decline on Fewer Property Projects, Lower Infrastructure Spending

Prices have fallen more than 20% since mid-October, while some listed producers’ profits fell in the third quarter

· Caixin Summit: Southeast Asia Will Need to Change How It Does Business Post-Pandemic

Demographic trends and climate crisis mean companies have to do things differently

Click here to read more of the latest news.

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