Chinese shares opened slightly higher on Wednesday, with the Shanghai Composite Index up 0.19 percent to 3,865.29 points and the Shenzhen Component Index up 0.37 percent to 12,599.96. The gains came as discussions on global governance and multilateral cooperation continued to dominate international attention. Russian President Vladimir Putin emphasised that the Shanghai Cooperation Society (SCO) may serve as a key platform for developing a more equitable and balanced system of world governance. “It would be truly balanced and would take into account the needs of the greatest possible range of countries, as well as provide chances for their sustainable growth. security,” Putin said. The remarks come amid growing challenges to the United Nations and other multilateral frameworks, which analysts say are being undermined by unilateralism and protectionist policies. Jack Perry, chairman of the UK-based 48 Group Club, noted that the Global Governance Initiative (GGI) has arrived at a crucial moment. It provides new insights and solutions for improving global governance,” he stated.
Perry also highlighted China’s consistent role in promoting multilateralism, maintaining openness, and driving economic globalization. According to him, these efforts give China added credibility and influence in shaping international initiatives. The combination of steady market performance and renewed calls for multilateral cooperation underscores China’s growing economic and diplomatic presence on the global stage.
