Published on 08/20/2025 at 03:25 am EDT
(MT Newswires) -- Chinese stocks rebounded on Wednesday after the central bank kept benchmark lending rates steady as expected.
The Shanghai Composite Index, the main gauge of Chinese stocks, climbed 1%, or 38.92 points, to finish at 3,766.21. The Shenzhen Component Index edged up 0.9%, or 105.12 points, to 11,926.74.
The People's Bank of China retained the one-year loan prime rate at 3% and the five-year LPR at 3.5%.
The rate cuts were part of Beijing's stimulus package as the central government seeks to boost China's economy.
Fuyao Glass Industry Group's Shanghai shares soared 10% after its first-half attributable profit rose 37% to 4.80 billion yuan and revenue increased 17% to 21.4 billion yuan.
G-bits Network Technology Xiamen also surged 10% as its attributable profit in the same period jumped 25% year on year to 644.7 million yuan and operating revenue climbed 28% to 2.52 billion yuan.
Yunnan Yuntianhuajumped 5.3% despite its attributable profit falling 2.8% to 2.76 billion yuan and its operating income declining 22% to 25 billion yuan.
Sumber : MT Newswires
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