The Shangai Composite Index fell 39 points or 0.97 percent on Friday to close at 3997 points.

Leading the losses are China Merchants Securities (-5.24%), Bank Of Beijing (-4.31%) and Sanan Optoelectron (-3.20%).

Top gainers were Aisino (4.89%), BAIC BluePark (4.31%) and Yonghui Superstore (3.92%).