Shanghai Composite Index Ended Nearly Flat on Tuesday
Below is a rundown of the top China business and finance stories, plus other news for the day:
Conglomerate backed by Hubei provincial government in a flurry of transactions becomes controlling shareholder of Shanghai-traded brokerage
Energy China, Fujian Dongbai and Xinjiang International set to raise capital as regulators ease financing curbs
The Chinese firm will use some of the proceeds to buy Asia’s largest molybdenum mine
The onshore yuan hit its lowest since 2008 on Monday
For the first time, the party’s Central Committee will mostly comprised of cadres who were born in the 1960s. But women make up only 5% of the 205 new members, and ethnic minority officials make up even less — 4%
China’s 13-year campaign for its currency benefits from sanctions on Russia, flight from the dollar and advanced development of digital yuan
Chief aide to President Xi Jinping and Guangdong party leader also make the cut in new seven-member Politburo Standing Committee
Four new faces join previous Politburo Standing Committee members Xi Jinping, first secretary of the party’s central secretariat Wang Huning and anti-corruption chief Zhao Leji
Jinko Solar, the biggest shipper of PV modules, said net profit may have jumped as much as 136% in the first three quarters
The 20th National Party Congress on Saturday elected a new Central Committee and adopted a resolution on amendments to the party constitution
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