Shanghai Composite Index Rose 1.77% on Friday

China’s benchmark Shanghai Composite Index (000001.SH) gained 1.77% on Friday, while the Shenzhen Component Index (399001.SZ) rose 2.09%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.96% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 3.06%.

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

· China Rips 90 Apps From App Stores for Data Violations

Top telecom regulator cites violations of users’ rights in ongoing crackdown on tech companies’ handling of user data

· China Tells SOEs to Inspect Overseas Compliance Risks

Government-owned businesses face increased scrutiny and sanctions in the U.S. and elsewhere, prompting SASAC order

· Electric-Car Maker Zotye Loses Potential Rescue Investor

Shanghai Zhiyang Investment cites unusual surge in Zotye shares for backing out of plan to help with restructuring of the former Ford joint venture partner

· In Depth: Chinese With Rare Diseases Face Painful Predicament — Affordable Yet Unavailable Drugs

Insufficient domestic production and unstable supply from overseas threaten the quality of life of patients with easily treatable conditions

· Retired Bank Regulator Admits Taking $62 Million in Bribes, Court Statement Shows

Xue Jining’s corruption came to light during the investigation into the collapse of regional lender Baoshang Bank in Inner Mongolia

· Apple Peels Off China Market Share From Sinking Huawei

iPhone sales in the world’s largest market surged 160% in the first quarter as the U.S. tech giant consolidated its control over high-end models

· Sinopec Strikes Deal With Automaker Great Wall to Develop Hydrogen Energy

Oil giant plans to build hydrogen refueling stations for the automaker’s new energy vehicles

· Plant-Milk Maker Oatly Aims for $1.6 Billion Nasdaq Listing, Though Chinese Backing Could Prove a Problem

Swedish company could win a $10 billion valuation if U.S. regulatory concerns don’t sour progress

· Police Release Surveillance Video Footage of Student Just Before His Deadly Fall

Authorities in Chengdu release additional details about the 17-year-old who fell from the fourth floor of a local high school

· China’s Population Will Peak in the Latter Half of This Decade, Expert Says

Growth in number of people in the country will continue to slow in the early 2020s before reaching a ‘turning point,’ according to Chinese university think tank

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This article was generated by Caixin Automation.

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