Chinese stocks closed higher on Friday, with the benchmark Shanghai Composite Index up 0.37 percent to 3,857.93 points. The Shenzhen Component Index closed 0.99 percent higher at 12,696.15 points. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, surged 2.23 percent to close at 2,890.13 points. China Global Television Network (CGTN) market analyst Timothy Pope highlighted these trends in his recap of China's stock market performance this week. Shotlist: Shanghai, China - Aug 29, 2025: FILE: Shanghai, China - Date Unknown 1. Various of sign of Shanghai Stock Exchange; FILE: Shenzhen City, Guangdong Province, south China - Date Unknown 2. Various of sign of Shenzhen Stock Exchange; statue; Shanghai, China - Aug 29, 2025 3. SOUNDBITE (English) Timothy Pope, analyst: "Today, the Shanghai Composite Index closed more than one third of one percent higher as it gets closer and closer to 3900 points. For the week, the Composite Index was up about half of one percent, but for the month of August, it's up almost 7.6 percent and the CSI 300 up almost 10 percent. We saw the Shanghai STAR market, despite losing 1.7 percent today, is up 28 percent for the month of August. So those are pretty wild numbers. It is of course, the biggest monthly jump for Chinese stocks in almost a year. But the last few days have seen some big swings, particularly in intraday trade. Trading volumes have been very high, turnover has been very high. In fact, I think August has set a record for monthly turnover. And daily turnover, just this week, has been around three trillion yuan (420.6 billion U.S. dollars) a day every day."; FILE: Shanghai, China - Date Unknown 4. Various of interior of Shanghai Stock Exchange building; Shanghai, China - Aug 29, 2025 5. SOUNDBITE (English) Timothy Pope, analyst: "The other big story on the market this week has been the chip design firm Cambricon, which became the most expensive A-share stock this week, snatching the crown from Guizhou Maotai, which has held it pretty much forever. Its stock is up 118 percent this month and 522 percent over the last year. And this recent surge has actually led the company to issue a risk warning because its price to earnings ratio is up over 4400, which is nuts. Anyway, that warning brought the stock down today about 6 percent."; FILE: China - Exact Location and Date Unknown 6. Various of traders working; screen showing stock market information; Shanghai, China - Aug 29, 2025 7. SOUNDBITE (English) Timothy Pope, analyst: "And it's actually not the only chip sector company which has issued a warning this week as the market really has started to heat up, particularly for these high-tech stocks. The Dosilicon, which is another chip designer, has actually been suspended from trade today after flagging several instances of abnormal price fluctuations over the last month. Review is underway into those, but if you actually look at a chart for this year's trade for these two companies, Cambricon and Dosilicon, they sort of poodle along until the end of July, almost identically, in fact. And then in early August, they shoot right up, oddly enough, both of them by 118 percent. It just shows you just how much interest there is in these Chinese chip companies at the moment."; FILE: Shanghai, China - Date Unknown 8. Aerial shots of cityscape. [Restriction - No access Chinese mainland]