Chinese shares close mixed Thursday

Chinese stocks closed with mixed performances on Thursday, with the benchmark Shanghai Composite Index up 0.57 percent to 3,900.35 points, while the Shenzhen Component Index closed 0.24 percent lower at 14,110.12 points.

The combined turnover of stocks covered by the two indices stood at around 2.53 trillion yuan (about 372.63 billion U.S. dollars), down from 2.66 trillion yuan on the previous trading day.

Coal mining and processing, electronic chemicals, and communications equipment were among the top gainers, while education and automobile manufacturers were among the top losers.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 0.55 percent to close at 3,515.56 points Thursday.

The STAR Composite Index, which reflects the performance of stocks on China's sci-tech innovation board, closed 1.25 percent higher at 1,954.05 points.

Chinese automaker SAIC Motor and General Motors (GM) on Wednesday announced a 20-year extension of their joint venture partnership to 2047.

Both sides agreed that the renewal of the partnership is based on the foundation of nearly 30 years of successful collaboration, and both companies have cast a vote of confidence in the long-term value of the Chinese automotive market against the background of profound changes in the global automobile industry.

The shareholders of both companies will further coordinate technology research and development, supply chain and global market resources, while providing continuous support for intelligent and electric transformation, local innovation, global layout and long-term development of SAIC General Motors Corporation Limited.

The joint venture company will launch at least 30 new energy vehicle models by 2030, accelerating its entry into the ranks of mainstream new energy brands in China.

GM is among a growing number of foreign enterprises reaffirming their confidence in the Chinese market.

Data from the Ministry of Commerce reveals that nearly 4,800 foreign-funded firms increased their investments in China during the first half of 2026, while the number of newly established foreign-invested enterprises climbed 5.3 percent year on year.