21.08.202507:28:57UTC+00Shanghai Stocks Hover at 10-Year High

On Thursday, the Shanghai Composite saw a modest increase of 0.13%, closing at 3,771, maintaining its momentum at levels not seen in a decade, as investors awaited further triggers to sustain the upward trend. Recently, Chinese stocks have experienced a significant rise, driven by an influx of capital into equities and a spike in margin financing, reminiscent of the 2015 bull market peak. Retail investor participation has been a key factor, with A-share trading volumes soaring 80% compared to the previous year. Investor sentiment has been bolstered by the easing of US-China trade tensions and Beijing's efforts to mitigate excessive market competition. Notably, this rally has persisted despite lackluster domestic economic figures and relatively restrained policy interventions. Among the standout performers, ZTE Corp gained 6.6%, Beijing Compass rose by 3.2%, Luxshare Precision increased by 5.3%, Gigadevice Semiconductor saw an 8% rise, and Cambricon Technologies grew by 2.3%.