Shanghai Composite Index Fell 0.28% on Friday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.28% on Friday, while the Shenzhen Component Index (399001.SZ) fell 0.52%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.71% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.46%.

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

· Weekly Must-Read: The Slow-Burning Insurance Crisis Unfolding in the Shadows