The Shanghai Composite rose 0.2% to above 4,120, while the Shenzhen Component slipped 0.1% to 12,245 on Thursday, as mainland stocks showed mixed performances amid an intensifying regulatory crackdown on trading activity. Earlier this week, China’s securities regulator fined a social media influencer roughly $12 million for market manipulation, highlighting heightened scrutiny of online market abuse. Authorities also targeted high-frequency trading and raised margin requirements. Investors remain hopeful that Beijing will introduce fresh fiscal and monetary stimulus measures this year to support growth. Among individual stocks, Montage Technology (3.7%), China Aerospace (7.9%) and China Greatwall (5.6%) led gains, while Giga Device Semiconductor (-2%), TBEA Co (-2.6%) and JCET Group (-5.3%) weighed on the indices.
