China is ready to promote the comprehensive strategic partnership with Australia through a more proactive approach, Chinese Foreign Minister Wang Yi said in Kuala Lumpur, Malaysia on Friday.
China is willing to work with Australia to prepare for the next stage of high-level exchanges, maintain the momentum of improvement in bilateral ties and properly manage their differences, Wang said.
Wang made the remarks during a meeting with Australian Foreign Minister Penny Wong in the Malaysian capital on the sidelines of the ASEAN Foreign Ministers' Meeting and related meetings.
Over the past three years, China-Australia relations have stabilized, turned around and achieved positive results, said Wang, also a member of the Political Bureau of the Communist Party of China Central Committee.
It proves that as long as the two countries uphold a correct positioning of their partnership, bilateral relations can develop steadily and continue to yield results, Wang said.
The Chinese foreign minister noted that Australia's rational and pragmatic policy toward China serves the interests of both countries and aligns with the trend of the times.
For her part, Wong said that Australia is committed to developing a positive and pragmatic relationship with China.
Both sides are making every effort to prepare for high-level exchanges and look forward to achieving positive outcomes, she said, adding that dialogue and cooperation between Australia and China in trade, tourism and other fields have continued to make progress, and personnel exchanges have become increasingly active.
Wong noted that Australia remains firmly committed to the one-China policy and does not support "Taiwan independence."
Australia is willing to engage in candid communication and deepen cooperation with China to promote the sustained and positive development of bilateral relations, she said.
Wong said that Australia supports the central role of ASEAN and is committed to maintaining regional peace and stability.
The two sides also exchanged views on issues including the South China Sea and the Ukraine crisis.
China to take more active part in promoting comprehensive strategic partnership with Australia: FM
China to take more active part in promoting comprehensive strategic partnership with Australia: FM
China's stock market demonstrated robust performance in 2025 with new records in various sectors.
Against the backdrop of global liquidity easing and evolving industrial policies, the A-share market experienced a landmark year. Multiple key metrics - including total market capitalization, trading volume, as well as margin trading and short selling balances - achieved historic breakthroughs, demonstrating remarkable vitality and resilience.
In terms of overall performance, as of Dec. 31, 2025, the total market capitalization of A-shares reached approximately 118.91 trillion yuan, marking a net increase of 25.30 trillion yuan from the year's opening level of 93.61 trillion yuan. This represents a growth rate of 27.03 percent, according to data from financial information provider Wind.
In 2025, major A-share indices extended their annual gains compared to 2024.
On Dec. 31, 2025, the Shanghai Composite Index stood at 3,968.84 points, marking an annual increase of 18.41 percent - the largest annual gain since 2020. The Shenzhen Component Index rose 29.87 percent for the year, while the ChiNext Index surged 49.57 percent. The Beijing Stock Exchange 50 Index recorded an annual gain of 38.80 percent, while the STAR Market 50 Index rose 35.92 percent for the year.
As major indices rose, market trading activity intensified. Throughout 2025, the A-share market recorded a total trading value of approximately 420 trillion yuan, marking a growth of over 60 percent compared to the previous year and nearly doubling the 2023 annual value. It also marked the first time in history that the annual trading value surpassed the 400 trillion yuan threshold.
The margin trading and short selling scale in the A-share market expanded rapidly in 2025. As of the year end, the outstanding margin trading and short selling balance in the A-share market increased by 690.7 billion yuan during the year to reach 2.5 trillion yuan, setting a new historical high.
Notably, the growth in the balance was primarily driven by the increase in the financing balance. Although the short selling balance also increased in 2025, its cumulative growth for the year was less than 10 billion yuan, with the absolute value of the short selling balance remaining at a low level in recent years.
As market sentiment continued to heat up, major sectors in the A-share market saw increases. Key industry sectors rose to varying degrees, with over half posting annual increases exceeding 30 percent.
Boosted by sharp rises in precious metal prices, the nonferrous metals sector delivered standout performance throughout 2025. Defense and military, telecommunications, machinery and equipment, automotive, power equipment, and electronics sectors also ranked among the top annual gainers. Sectors like food and beverages, coal, and banking showed relatively weaker annual performance but still managed modest gains.
Against the backdrop of a broad market rally, individual stocks also rose, with many delivering standout performances. Data indicates that over 4,200 A-shares saw price increases in 2025, accounting for more than three-quarters of the total. Specifically, after excluding newly listed stocks, over 500 A-shares still doubled in value, with more than 100 stocks achieving annual gains exceeding 200 percent.
China's stock market demonstrates strong performance with multiple new records in 2025
