The Shanghai Composite gained 1.04% to close at 3,766, while the Shenzhen Component rose 0.89% to 11,927 on Wednesday, with the former touching a fresh decade high after the People’s Bank of China left key rates unchanged in line with expectations. The central bank held its one- and five-year loan prime rates at 3% and 3.5%, respectively, at the August fixing, even as recent data signaled persistent economic weakness. Chinese equities also shrugged off a global selloff that hit US chipmakers and other tech names on valuation concerns. On the trade front, US Treasury Secretary Scott Bessent said this week that negotiations between Washington and Beijing are “going well.” Top gainers included China Northern Rare Earth (+2.2%), ZTE Corp (+5.7%), Sichuan Changhong (+4.5%), Cambricon Technologies (+8.5%), and Leo Group (+3.9%).