China Stocks Rebound on PBoC Repo Move

2026-06-29 02:03 By Czyrill Jean Coloma 1 min. read

The Shanghai Composite rose 1.16% to close at 4,074 on Monday, while the Shenzhen Component gained 0.19% to 15,813, rebounding from losses recorded last week after the People's Bank of China unveiled new liquidity-support measures.

The central bank introduced overnight reverse repo operations, offering CNY 300 billion to financial institutions to improve short-term liquidity management and stabilize funding conditions in the interbank market.

Separately, the PBoC injected CNY 157.5 billion through seven-day reverse repos while keeping the borrowing cost unchanged at a record-low 1.4%.

The measures underscored Beijing's commitment to an accommodative monetary stance and reinforced expectations of continued policy support for the economy.

Financial stocks led the recovery, particularly Industrial and Commercial Bank of China (0.98%), Agricultural Bank of China (0.81%), and China Construction Bank (0.50%).

Other gainers included CATL (2.98%), BYD (1.84%), and NAURA Technology (5.76%).



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