Chinese shares fell for the fourth consecutive day on Friday, led by slacking property shares on concerns that the government will intensify measures to curb property speculation.

The benchmark Shanghai Composite Index lost 2.05 percent, or 65.19 points, to close at 3,113.89 points.

The Shenzhen Component Index tumbled 3.56 percent, or 476.76 points, to close at 12,914.97 points.

Combined turnover shrunk to 195.04 billion yuan (28.56 billion U.S. dollars) from 199.25 billion yuan on the previous trading day.