China's stock market closed slightly higher

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      China's stock market closed higher on Friday, the biggest weekly gain since early April, as China and the United States prepared to launch new trade negotiations and regulators pledged to relax financing channels for start-ups.
The Shanghai Composite Index. SSEC closed up 0.5% at 3,001.98, its first 3,000-point Mark since April 30. The Shanghai Composite Index rose 4.2% this week, its biggest weekly gain since April 5.
The Shanghai and Shenzhen 300 index. CSI300 closed up 0.14% and rose 4.9% on the weekly level, also the biggest weekly increase since April 5.
The Shanghai-Shenzhen 300 financial real estate index closed down 0.14%, the main consumption index of the Shanghai-Shenzhen 300 closed down 0.45%, the Shanghai-Shenzhen 300 real estate index closed down 0.16%, and the Shanghai-Shenzhen 300 medical and health index closed up 0.38%.
Most of this week's gains were put to rest by Friday, after the Federal Reserve said it might cut interest rates as early as next month, and other central banks are expected to follow suit.
This week's stock market was also boosted by news that Chinese and American leaders will discuss trade ahead of next Sunday's G-20 summit. China said Thursday it hoped U.S. officials would take a problem-solving attitude.
Some American companies, such as Apple AppL.O., oppose the Trump Administration's plan to impose tariffs on more Chinese imports to the United States. Apple said a new tariff would weaken its competitiveness and reduce its contribution to the U.S. Treasury.
The Shenzhen Composite Index. SZSC closed up 1.34% and the GEM index closed up 1.722%.
Start-up stocks rose sharply. On Thursday, China's securities regulatory body issued a draft statement on the revision of the "Measures for the Management of Major Asset Restructuring of Listed Companies". It is proposed to cancel the "net profit" index in the recognition criteria of reorganization and listing, and to support listed companies to achieve resource integration and industrial upgrading relying on mergers and acquisitions.


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