The Shanghai Composite slipped 0.15% to around 3,990 while the Shenzhen Component edged down 0.1% to 13,476 on Tuesday, as mainland shares pulled back slightly from ten-year highs amid profit-taking ahead of the closely watched meeting between President Xi Jinping and US President Donald Trump. China and the US have agreed on a framework for a potential trade deal to be signed off by the two leaders this week, which includes agreements on rare earth minerals, soybean purchases and TikTok. Among individual movers, notable declines came from Victory Giant (-4%), China Northern Rare Earth (-3.2%), ZTE Corp (-3.2%), Shenzhen Longsys (-4.2%), and Jiangsu Hengrui (-4.4%). Meanwhile, China’s securities regulator unveiled plans on Monday to relax foreign investor rules and attract long-term capital by streamlining requirements, enhancing efficiency, and broadening investment channels.
