Chinese shares down ahead of key meeting

Chinese shares fell on Friday ahead of the CPC meeting on Saturday. The benchmark Shanghai Composite Index moved down 1.09 percent, or 23.27 points, to finish at 2,106.13. The Shenzhen Component Index fell 1.03 percent, or 84.86 points, to finish at 8,155.40. Combined turnover on the two bourses decreased to 146.22 billion yuan (23.83 billion U.S. dollars) from 150.91 billion yuan on the previous trading day. Only about 400 shares on the either bourse saw gains and eight of them ended the day limit up. Customs data on Friday showed Chinese exports reversed their decline and rising 5.6 percent year on year in October to 1.14 trillion yuan (185 billion U.S. dollars), giving stocks related to the free trade zone a boost. Tianjin Jinbin Development Co., Ltd., a real estate developer in Tianjin Municipality, a port city in the throws of upgrading its free trade zone, rose ten percent to 4.51 yuan per share. Stocks related to the Internet also saw significant gains as the National Development and Reform Commission announced the decision to run Internet pilot projects. Stocks in the securities trading sector led Friday's fall, as watchdog the Securities Association of China scraped non-on-spot account restrictions to allow more business channel choices, a move to reduce commission fees for securities traders. The ChiNext Index, a NASDAQ-style board tracking China's growth enterprises, dropped 1.06 percent, or 12.94 points, to close at 1,211.11 points.