China's industrial regulator is set to introduce extraordinary policies to address the risk of a lack of investment momentum in manufacturing downstream companies whose profits are being squeezed.

In China's A-share market, Contemporary Amperex Technology Co Ltd (CATL, SHE: 300750) was up 5.16 percent, Gotion High-tech was up 2 percent, BYD was up 1.62 percent and an ETF tracking the NEV industry was up 2.39 percent.