Shanghai Composite Index Fell 1.4% on Friday

China’s benchmark Shanghai Composite Index (000001.SH) lost 1.4% on Friday, while the Shenzhen Component Index (399001.SZ) fell 1.19%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.48% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.1%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Weekly Must-Read: TikTok’s Chinese Twin Is Taking On Alibaba and Meituan for E-Commerce Market Share
