BEIJING, Feb. 28 (Xinhua) -- Chinese stocks closed lower on Friday, with the benchmark Shanghai Composite Index down 3.71 percent, at 2,880.30 points.
The Shenzhen Component Index closed 4.80 percent lower at 10,980.78 points.  

File photo: CGTN

The ChiNext Index, China's NASDAQ-style board of growth enterprises, lost 5.70 percent to close at 2,071.57 points Friday.
The ChiNext Index, together with the Shenzhen Component Index and the Shenzhen SME (small and medium-sized enterprises) Board Index, reflects the performance of stocks listed on the Shenzhen Stock Exchange.