Shanghai Composite Index Fell 0.33% on Thursday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.33% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 0.62%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.62% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.63%.

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

· Local Governments Tap $29 Billion Special Bonds to Fund Smaller Banks