Net buying of nine exchange-traded funds popular among state-backed investors totaled CNY 60 billion ($8.99 billion). The E Fund ChiNext ETF registered CNY 15 billion in inflows, marking its largest inflow since July. Aggregate net inflows into these ETFs amounted to CNY 46 billion on Thursday, the highest figure observed since the April 2025 market downturn.

Regulators are intensifying interventions aimed at mitigating downward pressure and bolstering market stability after a deceleration in the advance spurred by stimulus initiatives in late 2024. AI-related equities demonstrated a recovery, with Cambricon Technologies up 5.46%, SMIC advancing 4.01% and Zhongji Innolight rising 3.82%. Notwithstanding Friday’s gains, the Shanghai Composite registered a weekly decline of 0.69%, as the Shenzhen Component decreased 1.09%.