Chinese stocks rise on signs of state support; Shanghai Composite up 0.85%

The Shanghai Composite index closed 0.85% higher at 3,796 points on Monday, July 20, 2026, while the Shenzhen Component fell 0.71% to 13,610 points.

The gains followed statements by two state-owned firms that they had recently spent about 60 billion yuan (nearly 8.9 billion dollars) buying stocks, helping to support the market even as tech shares extended their slide.

China is the largest buyer of Iranian oil, so the direction of its equity and currency markets matters for Iran's economy.