Caixin
Jul 26, 2022 03:03 PM
FINANCE

Shanghai Composite Index Rose 0.83% on Tuesday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.83% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 0.95%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.01% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.31%.

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

· China’s Electric-Car Exports Surge to Western Europe and Southeast Asia

NEV shipments more than double in the first half led by industry giant SAIC and joined by Great Wall, Geely, BYD, Nio and Xpeng

· Former Unigroup Chief Falls Under Investigation

Zhao Weiguo probed over suspicious dealings as debt-laden semiconductor giant emerges from bankruptcy under new ownership

· Trending in China: Nanjing Temple’s Commemoration of Japanese War Criminals Causes Uproar

A social media fury was ignited after news of the memorial stones, which have since been removed, was spread online

· Chinese Court Rules Against Single Woman Who Wanted to Freeze Her Eggs

The case has put the spotlight on women’s reproductive rights in China and the limitations single women face in delaying parenthood

· Graft Investigators Target Regulatory Official Linked to Henan Bank Scandal

Several of the lenders accused of withholding customers’ savings were set up during Li Huanting’s tenure as an official in charge of supervising village lenders

· Chalco’s Takeover of Peer Could Make It World’s Largest Listed Aluminum-Maker

Deal to buy bigger stake in Yunnan Aluminum comes after securities watchdog ordered their shared parent to integrate the pair

· China Expands Cross-Border Cash-Pooling Trial for Multinationals

More companies and regions now included in program, authorities announce

· Cover Story: Why the World is Burning Up This Summer

As global warming accelerates and days hotter than 35°C grow common, extreme, deadly heat waves sweep across China, Europe and much of the northern hemisphere

· China’s Leaders All Inoculated With Domestic Covid-19 Vaccines, Health Official Says

The move ‘shows confidence’ in Chinese vaccines, which have been widely recognized around the world, said deputy head of the National Health Commission

· Former Shanghai Electric Chairman Expelled From Party Over Bribery Allegations

Zheng Jianhua, who is accused of accepting bribes and embezzling public funds, will later stand trial

Click here to read more of the latest news.

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