Shanghai Composite Index Rose 0.73% on Friday

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China’s benchmark Shanghai Composite Index (000001.SH) gained 0.73% on Friday, while the Shenzhen Component Index (399001.SZ) closed nearly flat.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.46% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.16%.

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

· China’s Audit Watchdog Calls Out Banks for Cheating on Loans

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