Shanghai Composite Index Fell 0.34% on Friday
Below is a rundown of the top China business and finance stories, plus other news for the day:
The government may intervene to curb coal prices; stockpiles of coal rebound at power plants; surge in natural gas prices squeezes Hebei urban supplier
Easing in borrowing costs may signal that the cooling housing market may soon rebound, industry insiders suggest
China’s ‘Prince of Piano’ apparently arrested by Beijing police, which referred to ‘black and white’ of a keyboard in Weibo post
Joint venture partners plan private equity fund to invest in a range of warehouse and operations centers around China
Closer supervision of battery safety and software suppliers called for in new draft guidelines for the industry
Chaired by Apple CEO Tim Cook, the advisory board of Tsinghua University’s School of Management expressed willingness to contribute more to the country’s education and economic development
Tech giant paid well below the price set by the local government for the over-500,000-square-meter parcel
Xu Shanchang from the country’s top economic planning body notes that government measures are aimed at creating a fairer environment for all companies
Revised version also doubles the fine that would be levied on those who severely damage wetlands
Yi Gang, governor of the People’s Bank of China, says the risks posed by teetering real estate developer are isolated and systematic risks can be avoided
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