Chinese stocks, lifted up by banking and real estate shares, rebounded vigorously in afternoon trading to end a six-day slide.

The benchmark Shanghai Composite Index rallied 2.01 percent, or 43.95 points, to close at 2,224.84.

The Shenzhen Component Index gained 2.38 percent, or 210.85 points, to finish at 9,081.94.

Combined turnover rose to 97.8 billion yuan (15.4 billion U.S. dollars) from 92.3 billion yuan the previous trading day.

Gainers outnumbered losers by 865 to 67 in Shanghai, and 1,291 to 70 in Shenzhen.

The yuan gained as much as 0.4 percent in Friday's spot market trading Friday after moving downward for 12 consecutive days. Analysts deemed it as a sign of the central bank's resolution to bolster the currency.

Guo Shuqing, chairman of the China Securities Regulatory Commission, on Thursday suggested that China's 2-trillion-yuan pension fund and 200-million-yuan housing fund could be invested in the stock market. This would vastly expand capital sources for the market, analysts said.

New China Life Insurance Co., the country's third-largest life insurer, surged during its Shanghai trading debut, up 13.72 percent to close at 26.44 yuan per share, despite slumping during its debut in Hong Kong on Thursday.

Banks and real estate developers surged in afternoon trading, pulling up the main board from a lukewarm rally in the morning.

HuaXia Bank Co. jumped 4.48 percent to 11.26 yuan, while Bank of Nanjing Co. gained 3.74 percent to 9.42 yuan.

Beijing Capital Development Co. surged 6.7 percent to 8.44 yuan. Poly Real Estate Group Co., the country's second-largest developer, increased 5.27 percent to 9.98 yuan.

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