The Shanghai Composite rose 0.13% to close at 3,771 on Thursday, holding at decade highs as investors awaited new catalysts to extend the rally. Chinese equities have surged in recent weeks as capital rotated into stocks and margin financing jumped to levels last seen during the 2015 bull market. Strong retail participation also fueled gains, with A-share trading volumes up 80% from a year earlier. Sentiment has been underpinned by easing US-China trade tensions and Beijing’s measures to rein in excessive competition. Remarkably, the rally has continued despite weak domestic economic data and relatively modest policy support. Among notable movers, ZTE Corp climbed 6.6%, Beijing Compass rose 3.2%, Luxshare Precision surged 5.3%, Gigadevice Semiconductor advanced 8%, and Cambricon Technologies added 2.3%.