China Stocks Gain on AI Optimism

2026-07-23 02:11 By Czyrill Jean Coloma 1 min. read

The Shanghai Composite rose 0.25% to close at a one-week high of 3,876.8, while the Shenzhen Component gained 0.44% to 14,123.3 on Thursday, as investor optimism grew that Chinese technology firms will benefit from a global surge in AI infrastructure spending.

In China, the E Fund Blue Chip Selected Mixed Fund significantly reduced its exposure to liquor producers and increased holdings in AI-linked companies such as SMIC and Suzhou Dongshan Precision Manufacturing.

Similarly, the Invesco Great Wall Dingyi Mixed Fund boosted positions in AI beneficiaries including Zhongji Innolight and Piotech, replacing former top holdings such as Kweichow Moutai and Guangdong Haid Group.

Financial stocks advanced, with Industrial and Commercial Bank of China rising 1.05% and Agricultural Bank of China gaining 1.07%, while AI-related heavyweight Zhongji Innolight added 1.1%.

Other notable gainers included Foxconn Industrial Internet (3.57%), CATL (3.69%), BYD (1.18%), and CNOOC (1.85%).



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