Chinese stocks closed higher on Thursday, with the benchmark Shanghai Composite Index up 0.14 percent to 4,122.58 points.
The Shenzhen Component Index closed 0.50 percent higher at 14,327.05 points.
The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 1.01 percent to close at 3,328.65 points.
The ChiNext Index, together with the Shenzhen Component Index and other indices, reflects the performance of stocks listed on the Shenzhen Stock Exchange.
Chinese shares close higher Thursday
European Central Bank President Christine Lagarde on Wednesday stressed that only international cooperation can balance artificial intelligence (AI)'s potential to boost productivity against its mounting risks.
In an exclusive interview with China Global Television Network (CGTN) at the World Economic Forum (WEF) in Davos, Lagarde affirmed AI's transformative power and urged coordinated strategies to harness it responsibly.
"AI is most likely going to be very transformative. What exact impact it will have on productivity and at which levels of our economy is still to be demonstrated. What is certain is that it needs data, it needs capital, it needs energy and that is obviously a factor of the scale and the access. My point from all that is that cooperation is key in order to deliver value, and I would hope that cooperation happens," she said.
She is in Davos for the 2026 WEF meeting, which opened on Monday in Davos and will run through Friday under the theme "A Spirit of Dialogue. About 3,000 leaders and experts from around the world are gathering to discuss five pressing global challenges, including enhancing cooperation, unlocking new sources of growth and deploying innovation at scale and responsibly.
Lagarde urges cooperation to manage AI productivity gains, offset risks
