Market · close 26/10
| SSE Composite | SZSE Component | CSI 300 | ChiNext | CNH offshore | CNY fixing |
|---|
| 3,697.52 | 11,534.38 | 4,103.54 | 2,638.23 | 6.6670 | 6.7162 |
| +0.19% | −1.19% | −0.04% | −1.71% | +20 pips | +18 pips |
Data: Tencent quotes (close), Xinhua (CNY fixing), Sina Finance FX quotes (CNH, ~15:09 HKT). CNH/CNY change = pips of yuan appreciation vs USD.
01Revised SSE composite-index methodology takes effect today
From 26 October the Shanghai Stock Exchange and China Securities Index Co. implement a revised methodology for SSE composite-series indices, including the SSE Composite, SSE A-share, SSE Free-Float and STAR Composite indices. Changes include a 15% single-constituent weight cap and earlier removal timing for risk-warned securities (from the trading day after the second Friday of the month after the risk warning takes effect, to the trading day after the second Friday of the month after the risk-warning announcement). Share · Copy
02Yuan hits near four-year high; A-shares mixed at close, ChiNext −1.71%
At the close on Monday 26 October, the SSE Composite was at 3,697.52 (+0.19%), the SZSE Component at 11,534.38 (−1.19%), CSI 300 at 4,103.54 (−0.04%) and ChiNext at 2,638.23 (−1.71%). Combined Shanghai–Shenzhen turnover was about 1.61 trillion yuan, down roughly 350 billion from Friday’s 1.96 trillion. Reuters reports the yuan’s central parity at 6.7162, the strongest since February 2023; onshore spot touched 6.6682, the strongest since June 2022 (a near four-year high), on track for an eighth straight gain. At the stock-market close, onshore spot was at 6.6682 and offshore CNH at 6.6670. Share · Copy
03PBOC sets up Bond Market NBFI Swap Facility (BNSF)
The People’s Bank of China announced on 26 October a Bond Market NBFI Swap Facility (BNSF) to maintain bond-market stability. In specific scenarios where asset managers face collective liquidity risk and the bond market is under systemic stress, systemically important bank wealth-management subsidiaries and public fund managers (or their parent banks or securities firms) may borrow central-bank bills for repo financing, use the proceeds to buy eligible bonds or units from their own mutual-fund products facing redemptions, and pledge those assets to the PBOC. Participants must continue to meet macroprudential requirements. Governor Pan Gongsheng previewed the tool at the Financial Street Forum on 19 October. Reuters reported the announcement. Share · Copy
04Commerce ministry publishes draft special rules on protecting Chinese trade secrets
On 26 October the Ministry of Commerce released the draft Special Provisions on Protecting Chinese Trade Secrets for public comment until 24 November. Drafted under the Foreign Trade Law and related rules, the provisions apply where a foreign entity infringes Chinese trade secrets in international economic, trade and related activities and thereby endangers, or poses a real threat to, China’s national sovereignty, security or development interests. The ministry may open investigations and impose measures including restricting or banning the entity’s China-related trade in goods, technology and services, restricting or banning new investment in China, restricting entry of its personnel and means of transport, restricting or revoking personnel’s work permits and residence status in China, and fines. Reuters and the South China Morning Post reported the draft. Share · Copy
