(Yicai Global) Oct. 10 -- Stock markets on the Chinese mainland moved steadily higher this afternoon to close on par with their intraday highs ahead of economic and trade talks between China and the United States.

The Shanghai Composite Index was up 0.78 percent at 2,947.71 when the market closed, while the Shenzhen Component Index finished 1.38 percent higher at 9,638.10. The ChiNext Price Index, which tracks growth enterprises listed in Shenzhen, ended up 2.75 percent at 1,666.97.

Chinese Vice Premier Liu He is set to begin a fresh round of negotiations with Washington later today at the invitation of the US government.