Related News
Reform hopes fuel biggest rise in index
Print Edition
Shanghai stocks rose by the most in one week yesterday on rising hopes for reforms at key policy meetings held in March.
The Shanghai Composite Index rose 1.1 percent, or 23.49 points, to 2,142.55.
“The market is expected to continue an upward trend on growing expectations for new reforms ahead of key policy meetings in March and also due to recent economic data that were largely in line with forecasts,” said CITIC Securities.
The annual sessions of the National People’s Congress and the Chinese People’s Political Consultative Conference will be held in Beijing in March.
During a seminar attended by provincial and ministerial-level officials on Tuesday, Premier Li Keqiang called for deepening reforms in areas such as administrative procedures, fiscal systems and financial market.
Investor appetite for China stocks is recovering amid sufficient market liquidity and a pause in initial public offerings. Data from the China Securities Depository and Clearing Co showed that 143,242 new A share accounts were opened in Shanghai and Shenzhen from February 10 to last Friday, the highest weekly increase in 11 months.
China Petroleum & Chemical Corp gained 3.8 percent to 4.70 yuan (77 US cents). Sinopec Shanghai Petrochemical Co surged by the daily limit of 10 percent to end at 3.50 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.
