Caixin
Dec 28, 2021 03:03 PM
FINANCE

Shanghai Composite Index Rose 0.39% on Tuesday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.39% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 0.83%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.03% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.05%.

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

· Energy Insider: China’s Clean Energy Generation Tops 1 Trillion kWh

Local governments to conduct green finance pilot projects; SASAC takes control of Southern Power Grid; Shandong’s solar and wind power hits 50 gigawatts

· Caixin Explains: What China’s New Investment Rules Mean for Foreign Investors

Companies in businesses that are closed to foreign investment will be allowed to sell shares abroad as long as they win approval and cap foreign ownership

· Year in Review: China Takes Pragmatic Approach to Meeting Carbon Emission Goals

Government seeks to cushion impact on businesses and supply chains as it strives to meet ambitious climate targets

· China Fleshes Out Regulation on Domestic Firms Listed Overseas

The NDRC and Ministry of Commerce publish updated negative list for foreign investment

· China Advises U.S. Air Passengers to Anticipate Changes After Delta Flight Turned Back

The airline cited Chinese airport procedures implemented while its plane was halfway between Seattle and Shanghai

· China to Let Local Governments Find Own Ways to Meet National Carbon Goals

A new work plan opens the way for eligible authorities to run pilot investment and financing programs for climate projects

· Northwest China’s Xinjiang Gets New Communist Party Chief

Guangdong Governor Ma Xingrui heads to the autonomous region in a reshuffle of regional leaders ahead of the CPC national congress later this year

· China’s Renewable Energy Generation Tops 1 Trillion Kilowatt-Hour Milestone

Green power output jumps by a third in first 11 months as country races to meet 2030 carbon emissions pledge

· China’s State Assets Regulator Takes Control of Southern Power Grid With Stake Hike

SASAC says the plan will offer the country’s second-largest grid operator a golden opportunity to improve its corporate governance as it steps up efforts to become carbon neutral

· Q&A Forum Zhihu Denies Reports of Hong Kong IPO

The money-losing company says it hadn’t heard the news that it was preparing a secondary listing

Click here to read more of the latest news.

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