Related News
Data, wider sectoral opening lift shares
SHANGHAI shares edged up yesterday, helped by positive economic data and news that China’s financial and new-energy vehicle sectors would be opened wider.
The Shanghai Composite Index added just 0.28 percent to close at 3,362.86 points.
Investor sentiment was lifted as China’s loan data in August exceeded market expectations. Chinese banks extended 1.09 trillion yuan (US$166.5 billion) in net new yuan loans in August, up 143.4 billion yuan from the same period last year, according to the data released by the People’s Bank of China.
“Loan data in August have exceeded market expectations, which means banks are increasing financial support for the real economy,” said Wen Bin, chief analyst at China Minsheng Banking Corporation.
The PBOC also pumped 300 billion yuan (US$46 billion) into the financial market through reverse repurchase agreements today, the central bank said on its official website.
Automobile, consumer and financial shares were among the biggest gainers.
The automobile shares rose yesterday after a spokeswoman for the National Development and Reform Commission, Meng Wei, said on Friday that “the commission will further open up to foreign investment in the new-energy vehicle and financial sectors in the second half of this year.”
Yangzhou Yaxing Motor Coach Co Ltd surged 9.97 percent to 14.01 yuan (US$2.15), Shenyang Jinbei Automotive Co Ltd soared 6.14 percent to 6.57 yuan and China Automotive Engineering Research Institute Co Ltd rose 4.72 percent to 10.20 yuan.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.