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China Stocks Open Mixed on Central Bank Support, US Vehicle Tech Ban Fears

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Chinese shares opened mixed on Friday amid pledges of regulatory support and fresh U.S. legislative threats targeting Chinese tech exporters.

The Shanghai Composite Index, the main gauge of Chinese stocks, opened 0.1% lower at 4,031.54. The Shenzhen Component Index rose 0.5% to 15,480.41.

The People's Bank of China reaffirmed moderately loose monetary policy with stronger financial support for domestic demand, boosting sentiment.

However, gains were capped after the U.S. Senate Commerce Committee scheduled a July 15 hearing on legislation banning connected vehicles and software from adversarial countries. The bi-partisan Connected Vehicle Security Act of 2026 will effectively ban Chinese carmakers from selling passenger vehicles in the U.S.

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