Apr 30, 2021 03:03 PM

Shanghai Composite Index Fell 0.81% on Friday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.81% on Friday, while the Shenzhen Component Index (399001.SZ) fell 0.18%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.14% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.31%.

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

· Hong Kong Bourse Bets on New IPO Inflow From Eased Listing Rules

The exchange aims to attract firms, particularly those from the Chinese mainland, to sell more shares through secondary listings

· Trending in China: A Beijing bureaucrat Worked as Delivery Driver for a Day and Earned Just $6

Exhausted and humiliated, the moonlighting senior official said ‘this money is just too hard to earn’

· China’s Big Banks Drop After Posting Profit Gains of Below 3%

The central bank last month asked major lenders to curtail loan growth for the rest of this year on concerns of bubble risks, sources have said

· China Manufacturing Expansion Picks Up Speed, Caixin PMI Shows

Growth in jobs and new orders drove index to 51.9 in April, the highest reading in four months

· CX Daily: No More Regulatory Blind Eye for Internet M&A

China's population continued to grow in 2020, the statistics bureau says. Chinese actress Zheng Shuang is probed for tax fraud

· China Orders 13 Tech Companies to Overhaul Fintech Operations

Tencent, ByteDance, Baidu and are among those called on the carpet following last month’s summons of Ant to meet similar demands

· Former Power Giant Chief Confesses to Taking $72 Million in Bribes

China Huadian’s retired general manager Yun Gongmin falls in sweeping power-sector anti-corruption crackdown

· China’s Post-Covid Travel Frenzy May Break Labor Day Records

Bookings for planes, trains, automobiles and hotels surge for five-day Golden Week holiday as demand fully recovers

· China Opens State-Owned Satellite Internet Company

Xiong’an-based China Satellite Network takes over development of national infrastructure project as China plays catch-up with Elon Musk

· Juneyao Air Sets Up Investment Partnership as HNA Unloads Assets

Shanghai-based carrier and allies pony up $4.6 billion for acquisition war chest targeting other airline operators and may bid for HNA properties

Click here to read more of the latest news.

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