FX.co ★ China Stocks Struggle as PBOC Stands Pat

On Friday, the Shanghai Composite Index experienced a slight decline of 0.1%, falling below 3,360, while the Shenzhen Component Index dropped 0.3% to settle at 10,020. The mainland markets failed to gain traction following the People's Bank of China's decision to keep key lending rates unchanged. As anticipated, the central bank maintained the one-year and five-year loan prime rates at 3.0% and 3.5%, respectively, after previously cutting them by 10 basis points in response to new US tariffs. Investor sentiment was further subdued due to the absence of definitive policy signals from this week's Lujiazui Forum. Attention is now directed towards the forthcoming July Politburo meeting, where clearer economic support measures are expected. In corporate news, significant losses were recorded by Victory Giant (down 3.7%), Shenzhen Forms (down 6.3%), Wus Printed (down 3.1%), Eoptolink Technology (down 2.6%), and Hengbao Co (down 3.4%).