Chinese shares closed mostly unchanged on Friday as turnover thinned further, with most investors staying out of the market ahead of a slew of first-half earnings and initial public offers.
The benchmark Shanghai composite index closed 0.01 percent lower at 1,605.926 points. Turnover in Shanghai A-shares was a very thin 12.2 billion yuan ($1.5 billion), down from 13.8 billion on Thursday.
The benchmark Shanghai stock index is down almost 10 percent from its July peak, partly because of concern over the market's ability to absorb the flood of IPOs.
Shares in the bank, which said in July its first-half earnings rose by a third, gained 0.54 percent to close at 9.26 yuan. Many analysts saw technical resistance on the 14-day moving average, which has capped the market since mid-July and is now at 1,615. The June low of 1,512 is seen as good technical support.
Qingdao Haier Refrigerator Co Ltd, the listed arm of China's top appliance maker Haier Group, closed up 1.86 percent to 4.38 yuan.
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