Shanghai Composite closed at 3,771.10, its highest since Aug 2015, led by fintech and stablecoin-concept stocks.
Report suggested China may allow yuan-backed stablecoins, a potential policy shift from its 2021 crypto ban.
Fintech shares surged; Brilliance Technology jumped 12.6%, Tansun Technology gained 4.8%.
Retail flows, easing trade tensions, and liquidity support are driving the rally, though Hong Kong and Japan indices slipped.
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