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Chinese Stocks Jump on Buybacks and Fund Self-Purchases

Published: Jul. 22, 2026 3:42 a.m. GMT+8

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Retail investors follow the stock market's closing performance in Hai'an, Jiangsu province, on July 21, 2026. Photo: IC

Chinese stocks staged a sharp tech-led rebound on Tuesday, buoyed by a coordinated wave of corporate share buybacks and institutional purchases designed to arrest a recent market slump.

The benchmark Shanghai Composite Index rose 1.8% to 3,864.37, while the tech-heavy ChiNext index soared 7.1%. Total market turnover surged to nearly 3 trillion yuan ($440 billion), with semiconductor and hardware stocks leading the broad rally.

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