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.

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.