The Shangai Composite Index Closes 0.99% Higher

The Shangai Composite Index gained 39 points or 0.99 percent on Monday to close at 3951 points. Gains were led by Greenland Holdings (10.34%), Poly Real Estate (6.95%) and Jiangsu Hengrui (4.78%). Biggest losers were Haier Smart Home (-3.92%), Aluminum Corporation of China (-1.71%) and Zhejiang Zheneng (-1.18%).

The Shanghai Composite rose 0.97% to close at 3,949.9 on Monday, while the Shenzhen Component gained 0.65% to 13,730, as the People’s Bank of China kept its benchmark lending rates unchanged for a 16th consecutive month at record lows. The one-year loan prime rate (LPR) was maintained at 3.0%, while the five-year LPR was held at 3.5%. The decision underscored policymakers’ caution over the economic fallout from the conflict in the Middle East, although exports continued to benefit from robust AI-related demand. Still, slowing growth, subdued inflation and weak credit demand continue to provide scope for a rate cut before year-end. Meanwhile, attention remained focused on high-level US-China engagement after officials led by Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng met on Sunday to set the stage for a closely watched Trump-Xi summit from September 23 to 25. Most stocks traded in positive territory, led by the financial, energy and tech sectors.

The Shangai Composite Index rose 39 points or 1.00 percent on Friday to close at 3914 points. Leading the gains are Greenland Holdings (9.85%), Poly Real Estate (5.56%) and China Fortune (2.80%). Top losers were Ningbo Port (-2.56%), China Minsheng Bank (-2.25%) and Huayu Automotive (-1.78%).