Shanghai Composite Index Rose 0.96% on Friday
Below is a rundown of the top China business and finance stories, plus other news for the day:
While local governments have taken steps to stimulate the ailing sector, both supply and demand remain weak
Producer of computer chips prepares for STAR Market debut with market valuation of $3.57 billion
Graft busters target Meng Bing, former provincial deputy police chief, after taking down three ex-chiefs
State Council and NDRC issue pledges after private sector investment slowed and shrank relative to total investment
Drugmaker brings to nine the number of Chinese companies raising funds via global depositary receipts offered in Europe
The facial recognition pioneer moved to Megvii Technology as chief scientist in 2016 after 13 years at Microsoft
Electricity usage dropped 1.3% in May as pandemic restrictions continued to restrain economic activity
New system drawn up by financial regulators cannot be used for trading government bonds, ministry says
Investigators could be potentially looking into Fu Fei’s role in the takeover of financial conglomerate Anbang, sources say
The three parties have complementary economies that can help push green transformation, Xie Zhenhua tells forum
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