Chinese stocks advanced on Wednesday, with the Shanghai Composite edging up 0.29% to 3,432 and the Shenzhen Component adding 0.33% to 10,848, building on the prior session's gains.
Chinese stocks close higher on Wednesday
The rally coincided with the start of China’s annual Central Economic Work Conference, where leaders will establish economic goals and discuss stimulus measures for 2025. Earlier in the week, the Politburo pledged a "moderately loose" monetary policy and a "more proactive" fiscal approach for next year, marking a notable shift from the cautious tone of the past decade.
China grapples with economic challenges
The moves come as China grapples with economic challenges and braces for potential impacts from a second Trump presidency. Top gainers included Greatoo Intelligent (+4.7%), Anhui Jianghuai Automobile (+8.5%), and Tianyu Digital (+3.2%).
