On August 21, 2025, China’s mainland stock market reached a significant milestone as the Shanghai Composite Index closed at its highest level since August 2015, climbing 0.13% to 3,771.10 points. The blue-chip CSI300 index also saw gains, rising 0.39% on the same day. As first reported by Reuters, the rally was primarily driven by robust performances in fintech and stablecoin-related stocks, spurred by reports of a potential shift in Beijing’s stance on digital assets, marking
Shanghai Stock Market Hits Decade High, Fueled by Key Fintech Developments and Growing Stablecoin Adoption
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