Shanghai Composite Index Fell 0.59% on Friday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.59% on Friday, while the Shenzhen Component Index (399001.SZ) fell 1.23%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.7% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.17%.

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

· Weekly Must-Read: China’s ‘Hidden Debt’ of Local Governments Threatens National Economy