Shanghai Stock Exchange Update (Dec. 20, 2025): Shanghai Composite Near 3,900 as Foreign Bond Repo Access, Rumor Crackdown, and 2026 Sector Calls Collide
SHANGHAI / BEIJING — December 20, 2025. The Shanghai Stock Exchange (SSE) is heading into the final stretch of 2025 with a familiar China-market cocktail: a consumer-led bounce, policy-driven thematic trades, and a tightening web of market governance—plus a notable