Shanghai Composite Index Rose 0.5% on Thursday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.5% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 0.57%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.23% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.19%.

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

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1: Sinopec and Saudi Aramco Launch $10 Billion Petrochemical Venture in Fujian

2: Cover Story: How the Yuan is Taking Over the Dollar’s Role in Global Trade

3: Finance Movers and Shakers: Former Securities Watchdog Chief Yi Huiman Under Graft Probe