Chinese shares ended the week on a higher note, tracking Wall Street gains, with growth stocks surging the most.

The benchmark Shanghai Composite Index went up 0.26 percent to close at 3,168.9 points while the Shenzhen Component Index closed 1.05 percent higher at 10,868.66 points.

Combined turnover on the two bourses stood at 496.8 billion yuan (79billion U.S. dollars), down from 584 billion yuan the previous trading day.

The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, gained 3.16 percent to close at 1,900.48 points.

The rise tracked overnight gains on the U.S. stock market.

Growth stocks, especially in the electronic information and medical equipment sectors, were among those that gained the most.

Chengdu CORPRO Technology, a electronic component maker, saw its shares jump by the daily limit of 10 percent.
Manufacturing shares jumped, following news on tax cuts in the sector.

A State Council executive meeting on Wednesday made the decision that China will cut value-added tax (VAT) rates as part of a tax reduction package amounting to 400 billion yuan this year.

The tax rate, starting from May 1, will be lowered from 17 percent to 16 percent for the manufacturing sector.
For the week, the Shanghai index went up 0.51 percent while the ChiNext Index jumped more than 10 percent, as market sentiment recovered.