China shares close higher Friday on PBOC's assurances

Chinese shares ended in positive territory Friday after a losing streak of seven consecutive trading days, as People's Bank of China, the central bank, anchored the market sentiment with assurances that it will adjust liquidity and ensure stability.

The benchmark Shanghai Composite Index gained 1.50 percent, or 29.19 points, to end at 1,979.21.

The Shenzhen Component Index added 1.99 percent, or 150.14 points, to 7,694.47.