Momentum builds in A-share market

The signs of a bull run are slowly but steadily emerging in China's A-share market, underpinned by ongoing structural reforms and sustained long-term capital inflows. Experts said the developing rally is expected to gain further traction on the back of policy support and a gradually improving external environment.

Their remarks came on Wednesday as the benchmark Shanghai Composite Index rose for an eighth straight session, climbing 0.48 percent to close at 3,683.46 — its highest level since December 2021.

The Shenzhen Component Index gained 1.76 percent, while the tech-heavy ChiNext surged 3.62 percent. The total turnover on the Shanghai and Shenzhen stock exchanges topped 2.1 trillion yuan ($292.69 billion) — a 13.5 percent increase from the previous day.