Chinese Shares Decline on Profit-Taking; China Pacific Insurance Jumps 5%

Published on 08/14/2025 at 04:23 am EDT
(MT Newswires) -- Chinese shares were down Thursday as investors looked to gain profit following the recent rally in equities and overall rising trend.
The Shanghai Composite Index, the main gauge of Chinese stocks, declined 0.5% to 3,666.44. The Shenzhen Component Index fell 0.9% to 11,451.44.
Chinese equities have been surging in recent weeks, with stocks on the Shanghai bourse even reaching their highest in 10 years, Tradingview reported.
Both Shanghai and Shenzhen stocks saw a steady rise since early April. As of Wednesday, turnover on mainland exchanges topped 2.15 trillion yuan, with ample liquidity expected to keep the rally going, Bloomberg News wrote.
Meanwhile, China's new renminbi loans contracted by 50 billion yuan in July. The figure is the lowest since July 2005, falling short of analysts' expectations of 300 billion yuan in new loans.
In company news, China Pacific Insurance's (SHA:601601) premiums increased 9% year over year to about 186 billion yuan in the seven months through July. Shares of the insurer jumped 5% Friday.

Sumber : MT Newswires