Chinese Stocks Close Week With Gains Amid Central Bank's Support Signals

MT Newswires Live2025-12-26

Chinese equities extended its rally for eight straight trading days as the central bank signaled support to the economy.

The Shanghai Composite Index added 1%, or 4.06 points, to cap Friday's trade at 3,963.68. The Shenzhen Component Index edged up 0.5%, or 72.48 points, to 13,603.89.

Sentiment remained upbeat after the People's Bank of China said in a statement on Wednesday that it will strengthen its monetary policy to ensure ample liquidity amid the insufficiency of the global economy and the impact of trade issues.

In corporate news, Hubei Wanrun New Energy Technology (SHA:688275) soared 7.6% amid plans to reduce production as part of its maintenance on certain production lines.

Shanghai Allist Pharmaceuticals (SHA:688578) closed 3.4% higher after its furmonertinib mesylate tablets were included in the Chinese drug regulator's list of proposed breakthrough therapies.

Jiangsu Chengxing Phosph-Chemicals (SHA:600078) jumped 3% amid plans to suspend the operations of its Jiangyin Plant before its demolition and the eventual construction of a new plant.

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