Shanghai Composite Index Fell 0.47% on Friday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.47% on Friday, while the Shenzhen Component Index (399001.SZ) fell 0.68%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.37% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.98%.

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

· Weekly Must-Read: China’s 2023 GDP Growth Recovers to 5.2%, Beating Target