Shanghai, Shenzhen extend gains as industrial profits support policy hopes
Shanghai Composite edged up 0.1% to 3,916; Shenzhen Component rose 0.5% to 13,915. Industrial profits rose 17.6% year-on-year to CNY 4.58 trillion in Jan–Jul 2026.
The Shanghai Composite edged up 0.1% to 3,916 on Thursday, while the Shenzhen Component rose 0.5% to 13,915, extending the previous session’s gains as expectations for fresh policy support strengthened following the latest industrial profits data.
China's industrial profits increased 17.6% year-on-year to CNY 4.58 trillion in the first seven months of 2026, easing from an 18.7% rise in the January—June period.
Earlier this month, fixed-asset investment, industrial output, and retail sales all came in below market expectations, reinforcing hopes for additional stimulus measures.
Investors are now awaiting developments from the National People’s Congress Standing Committee meeting, which concludes on August 28, for potential policy signals aimed at supporting growth.
Technology stocks led the advance, particularly Cambricon Technologies (2.2%), Huron Information Technology (5.1%), Zhongji Innolight (2.5%), and Eoptolink Technology (2.0%).