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The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, rose 13.88 points, or 1.98 percent, to close at 713.19 points on Friday.
Chinese shares closed higher for the third trading day on Friday, with the benchmark Shanghai Composite Index up 11.93 points, or 0.49 percent, to 2,452.01.
A range of new rules effective this month has invigorated China's stock market in the first two trading days, but will not guarantee the boom in the long- term.
Borrowing costs for Chinese banks dropped as the central bank injected cash into the financial system by offering reverse-repurchase agreements.
Stocks are showing "signs of life" after the Shanghai Composite Index reached 2,438.44, topping the 200-day moving average for the first time in 229 trading days.
Chinese investors were the biggest foreign group in the Lao stock market, Lao Security Exchange (LSX) Chairman and CEO Dethphouvang Moularat said in an exclusive interview with Xinhua on Thursday.
China, Japan and South Korea agreed to promote use of their foreign exchange reserves to invest in each other's government bonds to strengthen cooperation.
Stocks on the Chinese mainland rose, sending the benchmark index to a seven-week high, on speculation the government will take steps to avoid a deeper economic slowdown.
The expansion of China's non-manufacturing sector slowed in April as demand from the construction and service industries moderated.
Private investors can now trade renminbi bonds in London as the first yuan-denominated bond released outside China was listed on the London Stock Exchange.
Hong Kong stocks lost 59.55 points, or 0.28 percent, to close at 21,249.53 on Thursday.
China's stock index futures closed higher Thursday, with the contract for May, the most actively traded, up 0.19 percent from the previous trading day to 2,694.8 points.
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