Caixin
Sep 20, 2022 03:03 PM
FINANCE

Shanghai Composite Index Rose 0.22% on Tuesday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.22% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 0.69%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.98% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.7%.

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

· Exclusive: Graft Busters Target Booming Shipping Finance Sector

Arrest of Citic Financial Leasing chief Guo Fangmeng adds to growing list of detained executives as authorities cast a wide net over $77 billion industry

· Fosun Cuts Insurance Stake Amid Mounting Debt Concerns

Private conglomerate unloads $57 million of HK-traded shares of New China Life after Beijing city government warns of risks

· Distressed Chinese Developers Scramble for a Piece of $28.5 Billion Industry Bailout

Loans aim to restart construction of projects that stalled amid a sector-wide crisis of liquidity and confidence

· CDC Expert Warns of Potential Monkeypox Outbreak as First Case Hits Mainland

Wu Zunyou predicted the risk of infection will increase and cautioned against skin-to-skin contact with people who had been abroad within the past three weeks

· Facing Bribery Accusations, Former China Railway Czar Expelled From Party

An investigation found that Sheng Guangzu, 73, took advantage of his past positions at the state railway and customs administration for personal gain

· Facing Bribery Accusations, Former China Railway Czar Expelled From Party

An investigation found that Sheng Guangzu, 73, took advantage of his past positions at the state railway and customs administration for personal gain

· Cover Story: The Double Squeeze on China’s ‘Sandwich Generation’

Those born under the one-child policy face the demands of rearing their own children while providing care for their aging parents

· Covid Quarantine Bus Crash Kills 27 in Guizhou Province

Wreck injuring 20 others at 2:40 a.m. stirs online outrage focusing on virus control policies and prompts local authorities to apologize

· Shenzhen Sets Up Platform to Help Cash-Strapped Developers Finish Stalled Projects, Sources Say

Shenzhen Anju Jianye Investment Operation won’t inject funds to restart construction, but will instead help facilitate additional loans

· China’s Fiscal Revenue Posts First Growth Since March

August revenue grew 5.6% year-on-year to $186 billion as the impact of a tax refund policy tapered off

Click here to read more of the latest news.

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