Chinese shares close mixed Wednesday

Chinese stocks closed mixed on Wednesday, with the benchmark Shanghai Composite Index up 0.85 percent to 4,102.2 points.

The Shenzhen Component Index closed 0.21 percent higher at 14,156.27 points.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, dropped 0.4 percent to close at 3,311.51 points.

The ChiNext Index, together with the Shenzhen Component Index and other indices, reflects the performance of stocks listed on the Shenzhen Stock Exchange.

A Chinese Spring Festival temple fair was held in Luanda, Angola, from January 31 to February 1 local time, bringing festive celebrations and cultural experience to local residents.

The event was jointly organized by the Chinese Embassy in Angola and the Ingombota Municipal Government of Luanda Province, and undertaken by the Association of Chinese Enterprises in Angola and the China General Chamber of Commerce in Angola.

Chinese Ambassador to Angola Zhang Bin and Incombota Mayor Milca Caquesse attended the event.

Noting that 2026 has been designated as the China-Africa Year of People-to-People Exchanges, Zhang described the temple fair as the first cultural event under that framework and said China is ready to expand cooperation with Angola in cultural exchange, youth engagement and talent development.

Mayor Caquesse said cooperation between Angola and China has produced tangible benefits and thanked China for sharing its traditions with the Angolan public, adding that Angola is keen to deepen exchanges and strengthen people to people links.

Nearly 10,000 overseas Chinese, local Chinese community members, Angolan guests, and residents attended the temple fair. Visitors enjoyed Chinese cultural performances and tasted traditional Chinese cuisine. Many attendees said the event offered them a firsthand experience of Chinese traditions and expressed hope for more people-to-people exchanges between the two countries during the China-Africa Year of People-to-People Exchanges.

The promotional video for CMG's 2026 Spring Festival Gala was also screened at the event, with guests expressing their anticipation for the upcoming grand festive celebration and its wonderful programs.

The Spring Festival Gala will be staged on Chinese New Year's Eve on February 16, marking a cherished occasion for families to gather and celebrate the most important festival in the traditional Chinese calendar.