Feb 7 China shares rose on Friday, as strong
gains in high-tech firms helped offset losses in Chinese
financial and property stocks after a survey showed further
signs the world's second-largest economy was losing momentum.
The CSI300 index of the leading Shanghai and
Shenzhen A-share listings closed up 0.5 percent, while the
Shanghai Composite Index rose 0.6 percent to 2,044.5
points as traders returned from a week long Lunar New Year
The ChiNext Composite Index, China's Nasdaq-like
board for high-growth, mainly high-tech start-up firms, soared
2.5 percent to a record high.
The HSBC/Markit Services Purchasing Managers' Index (PMI)
retreated to 50.7 in January, its slowest pace in almost 2-1/2
years after firms secured a smaller volume of new business, a
private survey showed, adding to growing signs of slackening in
the Chinese economy.
China data for January money supply and loan growth are due
by Feb. 15.
(Reporting by Yimou Lee; Editing by Jacqueline Wong)