China stocks rise on coal, chips; brokerages up after regulatory crackdown

Mainland China stocks climbed on Monday, ​lifted by gains in the coal sector ​after the country's worst mine disaster in ‌17 years raised ​expectations that stricter safety scrutiny would tighten supply, while semiconductor shares also aided the market.

** Chinese coking coal prices soared to their highest in nearly two ‌weeks and a sub-index tracking the coal industry jumped 2.4% after the accident late on Friday. ** Brokerage shares also advanced after China announced a major crackdown on cross-border investment and said it would punish brokers it accused of illegally ‌moving money to foreign markets.

** CSI all share investment banking and brokerage trimmed earlier gains to trade 0.1% ‌higher, while major Chinese brokerages China Merchants and CITIC Securities edged higher. ** By the midday break, the benchmark Shanghai Composite index inched higher by 0.6%, while China's blue-chip CSI300 Index rose 0.9%.

** "The actual impact (of the crackdown) on Hong Kong stocks and Chinese ADRs in the broader ⁠market ​is relatively limited, and the trend ⁠toward improved liquidity in the Hong Kong stock market will remain unchanged," analysts at SWS Research said in a note. ** "In the short ⁠term, the impact on the market is primarily psychological; in terms of liquidity, the actual impact on large-cap blue-chip stocks in ​overseas markets is minimal."

** Hong Kong markets were closed for a public holiday, and will resume trading ⁠on Tuesday. ** "Growth momentum has strengthened, market sentiment has clearly turned more positive, and the sustained recovery in the property market has further improved ⁠confidence," ​said Wee Khoon Chong, APAC macro strategist at BNY.

** "These factors have supported Hong Kong's capital markets, as evident in the sharp pickup in IPO activity since the second half of 2025, which has continued into ⁠2026." ** Semiconductor shares rose after Huawei Technologies said it expects to design high-end chips by 2031 with transistor density equivalent ⁠to 1.4-nanometre process. A ⁠sub-index tracking the industry jumped 5.1%.

** Hopes of a deal to reopen the Strait of Hormuz lifted market sentiment, even as the Trump administration played down the chances ‌of reaching an ‌agreement with Iran soon.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)