Shenzhen Component closes 1.63 percent higher at 11,010.68 points after support measures
Published on 11/02/2026 at 23:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSShenzhen stocks rebound on support measures
- The Shenzhen Component closed at 11,010.68 points on November 2, gaining 1.63 percent.
- Chinese regulators announced measures involving swap operations and cheaper, longer-term lending for share buybacks.
- AI comic drama and gaming stocks led the broader market advance, while banking, coal, and oil and gas shares declined.
The Shenzhen Component closed at 11,010.68 points on Monday, November 2, rising 1.63 percent in its first session after a sharp October sell-off. The index tracks 500 of the largest and most liquid A-share companies listed on the Shenzhen Stock Exchange, according to the China Securities Index Company.
Policy support lifts market sentiment
The advance came as Chinese financial authorities moved to strengthen existing capital-market support tools. Trading Economics reported that regulators were working with major banks on lending support for stock buybacks. It also cited plans involving additional loans for state asset-management firms, part of the so-called National Team.
Separate measures reported on November 2 included a planned swap operation by the People's Bank of China and changes to the relending facility for share buybacks and stake increases. The relending programme is being made a long-term mechanism, while its rate is being reduced from 1.25 percent to 1 percent. These steps are intended to improve financing conditions and reinforce confidence, although their effect on corporate buying will depend on implementation.
Technology and media lead gains
The broader market advance was concentrated in selected growth and consumer themes. Xinhua reported that AI comic drama and gaming stocks led gains, while precious metals, banking, coal, and oil and gas sectors fell. Turnover across the Shanghai Composite and Shenzhen Component-related stocks reached about 1.8 trillion yuan, up from 1.69 trillion yuan in the previous session.
The Shenzhen Component's gain also came against a weaker economic backdrop. Trading Economics reported that China's manufacturing purchasing managers' index fell to 49.3 in October from 50.1 in September, while the non-manufacturing index declined to 49.7 from 50.2. Both readings pointed to softer domestic activity, leaving policy measures and their follow-through important for the index's next phase.
Further developments concerning the Shenzhen Component are collected on the Shenzhen Component topic page.
