Chinese shares ended higher Friday in a five-day winning streak, led by strong performance of bluechips.

The benchmark Shanghai Composite Index went up 0.14 percent to close at 3,432.67 points while the Shenzhen Component Index closed 0.79 percent higher at 11,645.05 points.

Combined turnover on the two bourses rose to 567.9 billion yuan (85.68 billion U.S. dollars) from 482.12 billion yuan on the previous trading day.

Companies with large market capitalization led the gains, with insurance and securities shares mostly up.

Share price of liquor maker Kweichow Moutai rose 4.29 percent to 677.95 yuan per share, bringing the company's market cap to over 850 billion yuan.

The company reported better-than-expected earnings for the first three quarters, with revenue rising 59.4 percent to 42.45 billion yuan in the first nine months.

Clean energy shares received a boost from U.S. President Donald Trump's state visit to China, during which deals worth more than 250 billion U.S. dollars were signed, including some in the clean energy sector.

Longi Green Energy Technology, for example, saw its shares up by the daily limit of 10 percent.

As China's stock market continues to generate stable returns for investors, increasing number of foreign investors are adding the A-shares into their portfolio.

China on Friday announced that it would further open its financial markets to foreign investments, allowing foreign businesses to own up to 51 percent of shares in joint ventures in securities, funds or futures, with the cap to be phased out over three years.

Restrictions on investment in Chinese banks and financial asset management companies will be removed, according to Vice Finance Minister Zhu Guangyao.

The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, gained 0.88 percent to close at 1,900.63 points.