China's major stocks closed higher on Thursday morning, with the benchmark Shanghai Composite continuing its robust rally.
The index rose by 0.35 percent, while the Shenzhen component gained 0.45 percent.
Investor sentiment remained upbeat amid a sustained influx of new equity-focused funds.
Qualified Foreign Institutional Investors now present in over 70 listed companies, collectively holding 6.8 billion yuan (about 950 million U.S. dollars) -- as of August 18.
Analysts suggest the momentum could continue as government policies boost the market and leading banks upgrade their outlook on Chinese assets.
Chinese stocks surge to multi-year high
China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.
The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.
According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.
In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.
China's aggregate social financing maintains high growth in 2025
