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

** 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 rose 0.5%, while major Chinese brokerages China Merchants and CITIC Securities edged higher.

Mainland China stocks climbed in early trade on ​Monday, lifted by gains in the coal sector ​following the country's worst mine disaster ‌in ​17 years that raised expectations that stricter safety scrutiny will tighten supply. ** A sub-index tracking the coal industry surged 4.8% 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 rose 0.5%, while major Chinese brokerages China Merchants and CITIC Securities edged higher. ** As of 0204 ‌GMT, the benchmark Shanghai Composite index inched higher by 0.4%, while China's blue-chip CSI300 Index rose 0.5%. ** "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 ​are closed for a public holiday, and will resume 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 2.5%. ** 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.