Shanghai stocks rise 0.3% as September PMI signals continued recovery

  • Shanghai and Shenzhen stocks extended gains after fresh PMI data showed continued expansion.
  • September 2026 official Composite PMI rose to 50.7, the highest since December 2025.
  • Policymakers introduced mortgage subsidies and expanded central bank assistance, while the State Council pledged additional policies.

China’s Shanghai Composite rose 0.3% to 3,843.1 on Wednesday, while the Shenzhen Component gained 0.3% to 12,940.5, extending the previous session’s advances. Official data showed the Composite PMI (purchasing managers’ index) rising to 50.7 in September 2026, its highest level since December 2025, as manufacturing increased to 50.1 from 49.8 and non-manufacturing rose to 50.2 from 49.0. A private survey put the Composite PMI at 52.1, with manufacturing at 52.1 versus 51.5 and services at 51.6 versus 51.4. The data came as policymakers introduced additional support, including mortgage subsidies and expanded central bank assistance. The State Council pledged "a package of practical and effective additional policies" to meet this year’s economic and social development goals. Foxconn Industrial Internet rose 1.4%, Zijin Mining Group gained 0.9%, CATL advanced 0.6% and Zhongji Innolight climbed 1.8%.

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