Published on 08/15/2025 at 03:31 am EDT
(MT Newswires) -- Chinese shares on Friday reversed the previous day's losses as investor appetite for risky assets was buoyed by government efforts to boost liquidity and support key sectors.
The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.8% to 3,696.77. The Shenzhen Component Index jumped 1.6% to 11,634.67.
The People's Bank of China is conducting a 500-billion-yuan outright reverse repo operation on Friday to inject liquidity into the country's banking system. The operation will have a term of six months and will utilize the fixed-quantity, interest-rate-bidding and multiple-price-bidding method.
The Chinese government issued 188 billion yuan in ultra-long special treasury bonds in 2025 to help fund large-scale equipment upgrades in important sectors. The bonds will help fund 8,400 projects across energy, logistics, environmental infrastructure, education and health care.
Meanwhile, China's industrial output growth slowed to 5.7% year over year in July from a 6.8% increase in June. Analysts polled by Reuters estimated a 5.9% rise.
In company news, Angel Yeast's (SHA:600298) attributable profit rose 16% to 799.4 million yuan in the first half from 691.1 million yuan in the year-ago period. Shares of the yeast manufacturer surged 7% Friday.
Sumber : MT Newswires
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