China Stocks Fall as Rescue Efforts Falter

2026-11-03 02:09 By Czyrill Jean Coloma 1 min. read

The Shanghai Composite fell 0.82% to close at 3,608.1 on Tuesday, while the Shenzhen Component lost 1.21% to 10,877, as renewed efforts to revive 2024 stock market rescue measures failed to lift sentiment.

The central bank said it would resume operations under its securities, funds and insurance companies swap facility (SFISF) when necessary, allowing eligible institutions to exchange assets for more liquid ones to fund stock purchases, expand participation and lower swap fees.

Meanwhile, the PBOC will cut its relending rate to 1% from 1.25%, make the facility permanent, and encourage banks to expand lending for corporate share buybacks and major shareholders’ stake increases.

The measures have so far failed to reignite investor confidence amid persistent economic weakness and corporate earnings uncertainty.

Ai-related stocks came under pressure, led by Cambricon Technologies (-10.81%), Zhongji Innolight (-8.09%), NAURA Technology (-2.21%) and Victory Giant Technology (-4.25%).



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