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China's Stock Market Rebounds as NPC Opens, Focus on Middle East and Economic Growth Target Adjustme

China's Stock Market Rebounds as NPC Opens, Focus on Middle East and Economic Growth Target Adjustme

TraderKnowsTraderKnows
03-05
Summary：China's stock market rebounded with the Shanghai Composite Index rising on Thursday, as the NPC opened and the economic growth target was adjusted to 4.5-5% for 2026. Attention remains on the Middle East situation.

The Chinese stock market slightly rebounded amid the opening of the National People's Congress, with the Shanghai Composite Index closing up 0.6% on Thursday at 4,108.57 points. The market continues to focus on the Middle East situation and the adjustment of China's economic growth targets. The CSI 300 Index rose 1%, the Shenzhen Growth Enterprise Market Index increased by 1.7%, and the SSE STAR Market 50 Index also went up by 1.7%.

Opening of the National People's Congress and Adjustment of Economic Growth Targets

The National People's Congress opened on Thursday, and China lowered its economic growth target for 2026 to a range of 4.5%-5%, in line with market expectations. Analysts believe that the downward revision is more pragmatic, offering policymakers greater flexibility to pursue high-quality growth while also reflecting concerns over domestic and international uncertainties, leaving room for future policy adjustments.

Market Sentiment and Rising Oil Prices

Everbright Securities International's strategist Wu Lixian stated that the A-share market is relatively stable, and the Shanghai Composite Index may fluctuate between 4,000 and 4,200 points. Although the rebound in the Hong Kong stock market has been weaker, the stability of the A-shares is stronger. The market is currently highly attentive to further developments in the Middle East situation, especially the impact of rising oil prices on the economy and the pace of interest rate cuts by the Federal Reserve.

Middle East Situation and China's Diplomatic Efforts

Chinese Foreign Ministry spokesperson Mao Ning stated on Thursday that to help de-escalate tensions in the Middle East, China will dispatch its special envoy for Middle East affairs, Zhai Jun, to the region to work on easing the situation.

Artificial Intelligence Sector Leads the Rise

Within the A-share market, the artificial intelligence sector stood out, with the CSI Artificial Intelligence Theme Index rising by 2.4% and Cambrian (688256) advancing by 4.6%, making it the leading sector in the market.

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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