The Shanghai Composite fell 0.4% to around 3860, while the Shenzhen Component rose 0.1% to 12,970 on Thursday, as mainland stocks showed mixed performances amid a lack of market-moving catalysts. Investors are awaiting updates from the annual Central Economic Work Conference and the December Politburo meeting for guidance on Beijing’s policy direction and growth targets for next year. Economists expect China to maintain its “around 5%” annual growth target for 2026, with fiscal stimulus measures likely to mirror 2025 in scale and composition. Among individual stocks, notable losses were seen in ZTE Corp (-1%), Cambricon Technologies (-0.6%) and Suzhou Dongshan (-4.5%), while strong gains were recorded in Addsino Co (10%), Suzhou TFC (7%) and Zijin Mining (2.8%).
