BARKIN: business investment appears "unmoved" by interest rates, costs or uncertainty.

All three A-share indexes opened higher; ChiNext rose over 2% intraday before paring gains to close up 1.61%. Shanghai Composite was up 0.42% and Shenzhen Composite Index rose 0.73%. Combined turnover on the two exchanges exceeded CNY 1.5 trillion and roughly 2,200 stocks advanced. Innovative drug stocks dipped early then rebounded to lead gains. The CPO sector was active. Compute-power leasing names spiked then pulled back. Precious metals eased, oil & gas exploration and services remained weak, and photovoltaic stocks retraced.

Shanghai Civil Affairs Bureau and Shanghai Housing Management Bureau issued an implementation plan to advance “property+eldercare” services. Districts and neighborhood offices will select suitably mature residential communities and guide property managers to develop locally adapted forms of property-plus-eldercare. The plan supports property managers signing cooperation agreements with professional eldercare institutions to bring trained services into residential communities. Property firms that wish to provide home-and-community eldercare are encouraged to set up dedicated eldercare departments or form independent home/community eldercare service entities to offer diversified, professional services to owners.