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Agricultural shares rise in Shanghai on policy support
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SHANGHAI stocks rose for the fourth consecutive day today, as agricultural shares were lifted by governmental reforms to improve the sector. The Shanghai Composite Index edged up 0.11 percent to 2,347.72 points.
The Central Rural Work Leading Group has recently confirmed plans to strengthen four key reforms in the agricultural sector, including price making, supportive agricultural policies, land registration and residence registration in rural areas.
The reforms aim to lift the productivity and implement more scientific innovations in the agricultural sector, said Chen Xiwen, deputy director of the Central Rural Work Leading Group, on Tuesday.
Gansu Dunhuang Seed and Xinjiang Talimu Agriculture Development both surged the daily limit of 10 percent to 7.77 yuan (US$1.27) and 10.56 yuan, while Xinjiang Guannong Fruit & Antler Group jumped 8.66 percent to 19.44 yuan.
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