Hong Kong and mainland shares ended higher on Friday after Beijing released comments from its annual economic conference reaffirming support for growth, as expected, although both markets were set to finish the week slightly lower.

The benchmark Hang Seng Index shot up 446 points, or 1.75 percent, to 25,976 while the China Enterprises Index was up 145 points, or 1.62 percent, at 12.907 and the Hang Seng Tech index was up 1.9 percent. The Hang Seng Mainland Properties Index was up 0.5 percent.

Up north, the benchmark Shanghai Composite Index was up 16 points, or 0.41 percent, at 3,889 while the Shenzhen Component Index closed 0.84 percent higher at 13,258.33 and the ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 0.97 percent to close at 3,194. China's blue-chip CSI300 Index closed up 0.6 percent.

The combined turnover of the main Shanghai and Shenzhen indexes stood at 2.09 trillion yuan, up from 1.86 trillion yuan on Thursday.

Shares related to precious metals, power grid equipment and commercial aerospace sectors led gains while retail and real estate sectors suffered major losses.

For the week, the CSI 300 Index lost 0.1 percent while the Hang Seng Index dropped 0.4 percent.

Chinese leaders promised on Thursday to maintain a "proactive" fiscal policy next year that would stimulate both consumption and investment to sustain high economic growth, which analysts expect Beijing to keep the target at roughly 5 percent.

The tone appeared modestly more pro-growth than the December Politburo meeting, with policymakers highlighting challenges, pledging to stabilise the property sector and signaling further easing on monetary, fiscal and credit fronts, Goldman Sachs said in a note.

Goldman Sachs expects the 2026 policy targets to remain unchanged, including GDP growth of around 5 percent, CPI at about 2 percent, and an on-budget fiscal deficit equal to 4 percent of GDP.

Shares of Moore Threads Technology fell more than 10 percent after the Chinese GPU chip designer warned investors of trading risks following a recent rally. Even so, the onshore artificial-intelligence sub-index gained 1.1 percent..

Chinese developer Vanke shares held steady ahead of a bondholder vote due to conclude later in the day. (Reuters/Xinhua)