Chinese shares saw mixed trade on Friday ahead of the country's key annual plenary sessions next week.
The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.4% to 4,162.88. The Shenzhen Component Index ticked down 8.69 points to 14,495.09.
The Two Sessions will run from March 4 to roughly March 11, with the government expected to disclose both its near-term economic targets and the 15th Five-Year Plan that will outline strategic goals for 2026 to 2030, according to the Asia Society Policy Institute.
Analysts at TD Securities project that Premier Li Qiang will introduce a 2026 gross domestic product growth objective of between 4.5% and 5.0% at the Two Sessions, alongside a total budget deficit of about 9% of GDP, according to FXStreet.com.
Policy direction is likely to center on domestic consumption, with sustained, targeted stimulus programs, the analysts added.
In company news, ACM Research Shanghai (SHA:688082) posted 2025 attributable net profit of 1.40 billion yuan, up 21% from 1.15 billion yuan the previous year. Shares of the semiconductor device manufacturer were down 8% Friday.
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