China Stocks End Mixed Despite Support
2026-07-20 01:59
By
Czyrill Jean Coloma
1 min. read
The Shanghai Composite rose 0.85% to close at 3,796.3 on Monday, while the Shenzhen Component fell 0.71% to 13,610.2, delivering mixed performances even as authorities ramped up efforts to stabilize the country's struggling equity market.
China Reform Holdings and China Chengtong Holdings said they had increased their holdings of Chinese stocks and pledged further purchases, while state media reported that the securities regulator will meet with market participants to discuss measures supporting the stable development of capital markets.
On the monetary policy front, the PBoC left its key lending rates unchanged at record lows for a 14th straight month in July, with the one-year loan prime rate steady at 3% and the five-year LPR at 3.5%, despite weaker-than-expected Q2 GDP data highlighting the uneven recovery.
Banks led the gains, particularly ICBC (2.25%) and Agricultural Bank of China (3.44%).
In contrast, Victory Giant Technology (-7.2%) and Huagong Tech (-10%) declined.