China Stocks Climb on State Support

2026-07-21 01:59 By Czyrill Jean Coloma 1 min. read

The Shanghai Composite climbed 1.79% to close at 3,864.4, while the Shenzhen Component surged 4.81% to 14,264.3 on Tuesday, as Chinese authorities mobilized fresh support measures to shore up the technology sector following a recent sharp selloff.

Among the notable support measures, the ChinaAMC STAR 50 ETF posted a record peak 13.8 billion yuan ($2 billion) in net inflows, underscoring strong institutional demand for Chinese technology stocks.

Support has also broadened to the insurance sector, with China Life Insurance Company stating that one of its units purchased more than 10 billion yuan worth of stocks and mutual funds and plans to further increase its exposure to companies in emerging growth industries.

Similar commitments were announced by The People's Insurance Company (Group) of China and Ping An Insurance.

Significant gains were recorded by Cambricon Technologies (11.58%), SMIC (11.2%), Eoptolink Technology (7.25%), and Zhongji Innolight (2.51%).



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China Stocks Climb on State Support
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