The main stock indexes in Shanghai and Shenzhen rose 1.36% and 2.06% respectively after US President Donald Trump announced his planned visit to China in early 2026. The Shanghai Composite Index rose to 3,916.33 points, while the Shenzhen Component Index rose to 13,077.32 points, according to trading data.
The CSI 300 index, which measures the performance of the 300 largest companies on the Shanghai and Shenzhen stock exchanges, rose 1.53% to 4,607.87 points.
On October 20, the president of US President Donald Trump has announced that he will visit China early next year. He also said he hopes to work out fair terms for a trade deal with China when he meets with Chinese President Xi Jinping at the APEC summit, which will be held from October 31 to November 1 in the Republic of Korea.
On October 9, China's Ministry of Commerce released two documents to tighten export controls on rare earth metals and related technologies. On October 10, Trump announced that the US would impose an additional 100% tariff on Chinese products, as well as controls on software exports, effective November 1 or earlier.