The Shanghai Composite fell 0.3% to below 3,600, while the Shenzhen Component edged down 0.1% to 11,180 on Friday, as investors turned cautious ahead of further US-China trade negotiations next week.
Chinese Vice Premier He Lifeng is set to meet US Treasury Secretary Scott Bessent in Stockholm for a fresh round of economic and trade talks, with an August 12 deadline looming for a deal that could prevent higher US tariffs on Chinese goods.
Markets also await China’s industrial profits data, due this weekend, for insight into how domestic firms are coping with persistent trade uncertainty.
Among the notable decliners were China Northern Rare Earth (-2%), Inner Mongolia Junzheng Energy & Chemical (-2.4%), and China Tourism Group (-3.5%).
Despite Friday’s pullback, both the Shanghai and Shenzhen indexes remain on track to post weekly gains of around 2%.
