Shanghai Composite Index Fell 0.24% on Friday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.24% on Friday, while the Shenzhen Component Index (399001.SZ) closed nearly flat.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.43% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.39%.

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

· Exclusive: Jiangsu Securities Regulator Chief Ling Feng Detained

Ling’s detention may be linked to a Yixing entrepreneur who is currently under investigation

· Jaguar Land Rover Join Chery to Bring an All-Electric Freelander to China

The new Freelander electric models will be marketed through a dedicated network in China

· Exclusive: China Seeks Cut in Foreign Card Transaction Fees to Encourage Usage

The country’s payment and clearing association talks with international bank card issuers and payment processors to lower charges to ease burden on merchants and boost spending

· China to Accelerate Registration Process for Overseas Listings

Current pace for handling applications ‘isn’t fast enough,’ CSRC vice chairman says

· Exclusive: Ant Group Likely to Sell Stake in China’s First Personal Credit Reporting Firm to Tencent

Restructuring plan will make Baihang more similar to its thriving rival Pudao, sources say

· Energy Insider: China’s ‘Under Deployment’ of Solar Manufacturing Capacity, Beijing Vows to Be ‘Fully Prepared’ for Summer Power Demand

China continues to lead global offshore wind development, Chinese carmakers forecast to export more vehicles, U.S. ’10 to 15 years’ behind China in nuclear power, report says

· Weekly Must-Read: How the EU’s New Tariff Hikes Will Affect China-Made EVs

The bloc formally notified carmakers including BYD, Geely Auto and SAIC Motor that they will be subject to additional duties of up to 38.1% from July 4

· Indonesia Seals Deals With Four Chinese Automakers to Boost EV Production

Industry minister hails the partnerships as an integral part of reaching the country’s goal to produce 600,000 EVs by 2030

· Russia and North Korea Have ‘Normal Needs’ to Develop Their Relationship, China’s Vice Foreign Minister Says

Sun Weidong makes the statement after Moscow and Pyongyang signed mutual defense pact

· Boeing’s Setbacks Open the Skies for China’s C919 to Take Off

Delivery delays could make Comac’s C919 an attractive alternative to Boeing, but the company still faces challenges

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This article was generated by Caixin Automation.