Shanghai Composite Index Fell 2.01% on Friday

China’s benchmark Shanghai Composite Index (000001.SH) lost 2.01% on Friday, while the Shenzhen Component Index (399001.SZ) fell 2.18%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 2.13% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 2.33%.

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

· Weekly Must-Read: Country Garden’s Troubles Mount as It Misses Offshore Bond Interest Payment