CSI300 fell 0.5 percent on Friday

CSI300 fell 0.5 percent on FridayMainland China shares have fallen from its highest point in four months following weaknesses in some sectors including the resource sector.

The CSI300 of the top Shanghai and Shenzhen have fallen 0.5 percent on Friday. However, the index has risen 0.7 percent during the week to 2,372 points. Meanwhile, the Shanghai Composite Index fell 0.7 percent on Friday while it rose 0.1 percent this week. The two indices have recorded gains in the previous three weeks as the Chinese economy recorded healthy signs of recovery.

Researchers have said that the shares on mainland China as well as in Hong Kong as the China's growth stabilizes and the global economic outlook improve over the coming months into the new year. Analysts believe that Hang Seng Index may advance to 25,000 in 2013, according to median estimate of 11 strategists surveyed by Bloomberg News.

The Hang Seng China Enterprises Index of mainland companies is also expected to rise in the coming year. HSBC Corp's China Purchasing Managers' Index for December has risen to 50.9 from November's 50.5 amid indications that the world's second largest economy is seeing some signs of recovery. It is believed that the country's leading economic policy makers will meet soon and set the targets for the coming and this will indicate the new government's expectations of growth in the world's second largest economy in 2013.