Shanghai Composite Index Ended Nearly Flat on Friday

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China’s benchmark Shanghai Composite Index (000001.SH) closed nearly flat on Friday, while the Shenzhen Component Index (399001.SZ) fell 0.18%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) ended nearly flat for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.09%.

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

· Cutting-Edge Drugmaker Biokin Taps Hong Kong Market to Fund Foray Aboard

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