The STAR Composite Index, which reflects the performance of stocks on China's sci-tech innovation board, closed 1.27 percent higher at 2,155.57 points on Tuesday.
The STAR 50 Index, which tracks the 50 largest stocks listed on the board that also meet certain liquidity requirements, closed 0.58 percent higher at 1,758.42 points.
The sci-tech innovation board, commonly known as the STAR Market, was inaugurated in June 2019 at Shanghai Stock Exchange. It is designed to support companies in the high-tech and strategic emerging sectors.
China's STAR Composite Index closes higher Tuesday
Singapore's Parliament Speaker Seah Kian Peng on Monday praised China's remarkable pace of change and urged like‑minded nations to speak with a strong, consistent voice for multilateralism during his visit to Beijing.
Invited by China's National People's Congress Standing Committee, Seah has concluded a six‑day visit that took him from southeast China's Fujian Province to Beijing, where he engaged Chinese lawmakers and business leaders on pressing governance challenges and economic cooperation.
In an interview with China Global Television Network (CGTN), Seah described his visit as both productive and revealing, noting that each stop underscored China's rapid transformation and the opportunities it presents for deeper cooperation.
"What did not surprise me was the pace of change has been. Each time I come to China, you can see that things have moved. It reflects the dynamism. It reflects the high energy of the people. It also reflects how the society here has embraced innovation, has embraced technology, and also understands the need to transform and to change," said Seah.
"I'm quite sure that Chinese companies as well as joint venture companies here, have found the business environment here interesting, and with the enthusiasm to embrace innovation, to adopt technology, I think a lot of new solutions will be found. This can only be good for people, good for the community, and good for the world," he added.
In a world of growing uncertainty, Singapore and China remain committed to free trade and multilateralism, and see the upcoming APEC and ASEAN chairships as a chance to rally like-minded partners, Seah emphasized.
"Unfortunately, in the current geopolitical environment, uncertainties are more prevalent, certainly more conflicts in the world than ever before. But we are happy that close partners, like Singapore and China and other like-minded partners, we support free trade, we support multilateralism," he said.
"I am cautiously optimistic that, notwithstanding the current geopolitical environment, we can gather more like-minded countries and partners to join us on this journey, and speak out with a strong, clear, consistent voice," Seah noted.
Singapore Speaker hails China’s rapid change, urges strong voice for multilateralism
