The Shangai Composite Index Closes 0.26% Higher

The Shangai Composite Index gained 10 points or 0.26 percent on Thursday to close at 3904 points. Gains were led by Guangzhou Automobile (8.18%), Zijin Mining (4.46%) and Sh Fosun Pharma (4.32%). Biggest losers were Jiangsu Hengrui (-6.32%), Jiangsu Lianyungang (-3.72%) and Aluminum Corporation of China (-1.93%).

The Shanghai Composite rose 0.24% to close at 3,903.7 on Thursday, while the Shenzhen Component gained 0.59% to 13,972.8, rebounding from the previous session as the PBoC left its benchmark lending rates unchanged at record lows. The one-year loan prime rate was maintained at 3%, while the five-year LPR remained at 3.5%, underscoring policymakers' cautious approach amid domestic and external headwinds. The decision followed the central bank's pledge to maintain an accommodative monetary stance, while expectations of further stimulus measures were reinforced by weak July economic data and Premier Li Qiang's call to accelerate the shift toward new growth drivers. Investors are now awaiting the National People's Congress Standing Committee meeting in Beijing on August 25–28 for further policy signals. Notable gainers included Zijin Mining Group (4.55%), Zhongji Innolight (0.96%), and BYD (2.05%). In contrast, PetroChina (-1.96%), Kweichow Moutai (-1.25%), and CATL (-1.03%) declined.

The Shangai Composite Index decreased 100 points or 2.51 percent on Wednesday to close at 3890 points. The decline was led by Sanan Optoelectron (-8.02%), Yonghui Superstore (-4.89%) and China Molybdenum (-4.41%).