The Shanghai Composite rose 0.4% to a more than one-month high of around 3,975, extending its winning streak to eight sessions, the longest since July, while the Shenzhen Component gained 1% to a near two-month high of 13,657 on Friday, as the People’s Bank of China hinted at potential monetary easing in the near term. Goldman Sachs highlighted the central bank’s cautious easing approach outlined in its Q4 Monetary Policy Committee statement this week, emphasizing a preference for a reactive approach to preserve policy flexibility. Investors are now closely watching the conclusion of the National People’s Congress Standing Committee meeting for potential signs of additional policy support. Notable performers included BYD (5.6%), Ping An Insurance (1.1%), East Money Information Co. (1.6%), and Zijin Mining Group Co. (4%). Over the week, the Shanghai Composite and Shenzhen Component are on track for solid weekly gains.
