Shanghai Composite Index Rose 1.26% on Thursday

China’s benchmark Shanghai Composite Index (000001.SH) gained 1.26% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 1.61%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.12% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.85%.

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

· China Shuts ‘Fake’ Foreign Investors out of Stock Connect Program