Chinese Shares Rebound on Lifting of Chip Design Export Curbs, Government Initiatives; Luxshare Precision Industry Jumps 5%

MT Newswires Live07-03

Chinese shares rebounded on Thursday after the US lifted export curbs on chip design software and the government unveiled an investment package for infrastructure projects.

The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.2% to 3,461.15. The Shenzhen Component Index jumped 1.2% to 10,534.08.

The Trump administration has lifted export license requirements for US chip design software sales to China, signaling progress in a broader trade agreement between Washington and Beijing.

The move follows a US pledge to ease tech restrictions in exchange for China's expedited critical mineral exports.

Also, China has finalized an 800-billion-yuan investment package for 1,459 key construction projects in 2025, according to the National Development and Reform Commission.

The plan supports major national strategies including ecological restoration in the Yangtze River basin, transportation infrastructure, farmland development and urban utility upgrades.

In company news, Luxshare Precision Industry (SHE:002475) plans to pursue a listing on the Hong Kong Stock Exchange. Shares of the airpods assembler closed more than 5% higher Thursday.

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