The broad-based CSI 300 Index gained 0.4 per cent to 4,660.63 at 10am local time, adding to a 0.2 per cent rise a day earlier. The Shanghai Composite Index was up 0.1 per cent. Hong Kong’s market was closed on Thursday and Friday for the Christmas holiday.
Among major gainers, electric-vehicle maker BYD jumped 6.2 per cent to 100.71 yuan, while peer Great Wall Motor advanced 3.8 per cent to 23.01 yuan.
Solar photovoltaic inverter maker Sungrow Power Supply surged 8.3 per cent to 181.77 yuan. Lithium producer Ganfeng Lithium Group gained 2.2 per cent to 67.61 yuan, while fabless chipmaker GigaDevice Semiconductor added 3.2 per cent to 229.20 yuan.
Among major losers, Shennan Circuits slipped 0.6 per cent to 223.40 yuan, while Zhongji Innolight fell 1.5 per cent to 630 yuan and Eastroc Beverage declined 1.2 per cent to 269.03 yuan.
The offshore yuan climbed past the key 7-per-dollar level on Thursday for the first time since September 2024, after the People’s Bank of China set its daily fixing at the strongest level in more than three months. The move fuelled speculation that policymakers may be willing to allow a measured appreciation to shore up market confidence.
