Shanghai Composite Index Rose 0.23% on Thursday

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China’s benchmark Shanghai Composite Index (000001.SH) gained 0.23% on Thursday, while the Shenzhen Component Index (399001.SZ) closed nearly flat.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.4% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.44%.

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

· Ping An Trust Misses Payment on Property-Backed Investment Plan

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