20-Aug-2026      16:09

China Stocks rebound on stimulus hopes

Chinese stocks bounced back on Thursday, with the Shanghai Composite up 0.24% to 3,903.7 and the Shenzhen Component increasing 0.59% to 13,972.8. This recovery followed the People’s Bank of China's decision to keep key lending rates steady, with the one-year loan prime rate at 3% and the five-year rate at 3.5%. This indicates a cautious stance by policymakers amidst ongoing economic challenges. Investors are anticipating more support measures due to poor economic data from July. Focus now shifts to the National People's Congress Standing Committee meeting on August 25–28 for additional policy insights. Notable stock movements included Zijin Mining Group rising 4.55% and BYD gaining 2.05%, while PetroChina fell 1.96%.

News source: Capital Market - Live News