Caixin
May 20, 2022 03:03 PM
FINANCE

Shanghai Composite Index Rose 1.6% on Friday

China’s benchmark Shanghai Composite Index (000001.SH) gained 1.6% on Friday, while the Shenzhen Component Index (399001.SZ) rose 1.82%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.87% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.69%.

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

· Weekly Must-Read: China’s Record-Breaking Unemployment Rates Amid Covid Lockdowns

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