China stocks rise as PBoC boosts liquidity; tech stocks lead

The Shanghai Composite gained 0.68% to close at 3,322, and the Shenzhen Component added 0.62% to reach 10,686 on Monday, building on last week’s rally following the People’s Bank of China’s announcement of monthly reverse repo operations to enhance banking liquidity.

China stocks rise as PBoC boosts liquidity; tech stocks lead

Investors also look forward to the National People’s Congress meeting on Nov. 4-8, expecting updates on debt and fiscal policies. Recent data showed industrial profits declined through September, reflecting continued demand challenges, while upcoming PMI reports are expected to provide further economic insights.

Tech stocks surge: Sichuan Changhong, Shenzhen Infogem, and others gain 10%+

Technology stocks led gains, with Sichuan Changhong, Shijiazhuang Chan, Shenzhen Infogem, Shanghai Belling, and Shenzhen Kaifa each rising 10% or more.