Caixin
Jun 21, 2022 03:03 PM
FINANCE

Shanghai Composite Index Fell 0.26% on Tuesday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.26% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.51%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.12% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.63%.

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

· Beijing’s Covid-19 Flare-Up Produces No Severe Cases

Health authorities report that 97.1% of the 377 confirmed Covid infections had mild symptoms or none in this month’s outbreak

· Henan Resident Sues Health Authorities Alleging Health Code Abuse

Plaintiff says yellow Covid code barred her from attending court hearing on demolition of her house as scandal mushrooms

· Cover Story: China’s Climate Envoy Says Multilateral Approach is Crucial (Part 2)

Xie Zhenhua recently sat down for an interview with Caixin on the sidelines of the Ministerial on Climate Action in Stockholm

· China’s Insurance Watchdog Demands Vigilance Against Corrupt Related-Party Deals

Regulator’s branches should closely monitor insurers that were set up by sprawling financial holding firms or by highly leveraged nonfinancial companies

· JD.com Sales Grow at Slowest Pace Ever for Annual Summer Shop-Fest

Orders placed during the ‘618’ sale rose just 10%, down from last year’s 27.7% increase, company data showed

· Party Tightens Grip on Businesses of Cadres’ Family Members

The list of regulated activities for officials’ families includes investing in enterprises, holding senior positions in private or foreign-funded enterprises, and investing in private equity funds

· Another Chairman of Onetime Coal Giant Datong Falls to a Corruption Probe

Guo Jingang is the third head of the company’s board in 10 years to be the target of an anti-graft investigation

· Cover Story: China’s Climate Envoy Says Nations Must Deliver on Their Commitments (Part 1)

Xie Zhenhua recently sat down for an interview with Caixin on the sidelines of the Ministerial on Climate Action in Stockholm

· Less Than 0.1% of Shanghai’s Hospitalized Covid Patients Develop Severe Illness, Study Shows

Just 22 in-patients with moderate symptoms of more than 30,000 became seriously ill in recent outbreaks, according to a report by leading Covid expert Zhang Wenhong

· Weekend Long Read: Chinese History Offers Lessons on Sustaining Charitable Giving

The rise and fall of private philanthropy in China has shown that ‘incentive compatibility’ is the key to understanding social innovation and how to run ‘business for good'

Click here to read more of the latest news.

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