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Chinese Shares Rise as Central Bank Unveils Major Financial Policy Measures

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Chinese shares closed higher on Wednesday, driven by supportive policy signals from the country's central bank.

The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.4% to 4,108.08. The Shenzhen Component Index soared 1.3% to 15,880.95.

Pan Gongsheng, governor of the People's Bank of China, on Wednesday announced six new financial policy measures at the 2026 Lujiazui Forum in Shanghai.

These include refining the short-term interest rate regulation mechanism, creating a repo facility for overseas central banks, studying a macro-prudential liquidity support tool for non-bank institutions, piloting offshore yuan forex trading in the Shanghai Free Trade Zone, issuing an action plan for offshore finance in Shanghai and launching the interbank market data repository.

Also, 26 financial institutions signed direct participant agreements with China's digital yuan operation center in Shanghai. Through the Cross-border e-CNY Transfer Services (CBETS), participants can directly connect with the payment systems of foreign central ​banks and overseas financial institutions, slashing the settlement period to just a few hours from several days.

In company news, Yangzhou Yangjie Electronic Technology (SHE:300373) secured a conditional nine-month exemption from European Union sanctions under Resolution (CFSP) 2026/1333. Shares of the power semiconductor wafer manufacturer closed 5% higher Wednesday.

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