Policy Support Signals Bolster China Shares; Jianghai Capacitor Jumps 7%
Chinese shares rose on Friday, as investor sentiment was boosted by signals of further policy support from the government.The Shanghai Composite Index, the main gauge of Chinese stocks, closed 1.48 points higher to 3,905.20. The Shenzhen Component Index rose 0.9% to 14,094.17.Vice Finance Minister Liao Min said China will roll out additional fiscal measures to counter slowing economic growth, with more spending directed toward households and consumption to boost weak domestic demand, The Hong Kong Standard reported.Liao said authorities are preparing new fiscal-financial support for the second half of 2026, while strengthening coordination with the central bank and regulators, according to the report. He also reaffirmed commitments to deepening fiscal reforms and maintaining "iron discipline" against new hidden local government debt.In company news, Nantong Jianghai Capacitor (SHE:002484) posted first-half attributable net profit of 383.3 million yuan, up 6.9% from 358.5 million yuan the previous year. Shares of the aluminum electrolytic capacitor manufacturer jumped 7% Friday.
