The Shanghai Composite Index jumped 3.49% to close at 2,778.367, while the Shenzhen Composite Index rose 3.03% to close at 824.68 on Friday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 59.10 billion and RMB 29.90 billion, respectively.
Anxin Trust and Investment Co. Ltd (600816.SH), China Life Insurance (China Life) (601628.SH, 2628.HK, NYSE: LFC) and Mingsheng Bank (600016.SH) saw their shares climb 8.35%, 8.28% and 8.05%, respectively.
Shares of Hangzhou Tian-Mu-Shan Pharmaceutical Enterprise (600671.SH) and Zhuzhou Qianjin Pharmaceutical Co. Ltd (600479.SH) fell 6.07% and 4.02%, respectively.