Related News
Shanghai shares rise on broadcasting, Internet firms
By Joyce Pan |
January 14, 2010, Thursday
|
Online Edition
Online Edition
SHANGHAI'S key stock index closed slightly higher in the morning session, helped by robust broadcast and Internet shares after the government pledged to offer financial and tax support to speed up the combination of Internet, telecom and television networks.
The benchmark Shanghai Composite Index added 0.27 percent, or 8.68 points, to close at 3,181.34 points. Turnover stood at 82.8 billion yuan (US$12.2 billion). Gainers outnumbered losers 690 to 171 while 29 remained unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, was up 0.97 percent to close at 1,205.33 points.
China plans to push for the communications and resources sharing among Internet, telecommunications and radio and television networks by 2015 to serve the country's economy as a new growth momentum.
New preferential policies would be issued to support innovation while financial and taxation preferences introduced for its rural application and expansion, according to a State Council executive meeting chaired by Premier Wen Jiabao yesterday.
Shaanxi Broadcast & TV Network Intermediary Co surged by 10 percent daily cap to 11.77 yuan, while CEC CoreCast Corp also hit the biggest jump range to 9.49 yuan. China Television Media soared 7.4 percent to 19.20 yuan. Fujian Newland Computer Co jumped 7.1 percent to 15.93 yuan.
China Shenhua Energy Co eased 0.6 percent to 32.60 yuan. China Coal Energy Co was down 0.5 percent to 13.15 yuan. Datong Coal Industry retreated 2 percent to 40.96 yuan.
The benchmark Shanghai Composite Index added 0.27 percent, or 8.68 points, to close at 3,181.34 points. Turnover stood at 82.8 billion yuan (US$12.2 billion). Gainers outnumbered losers 690 to 171 while 29 remained unchanged.
The Shenzhen Composite Index, which tracks the smaller domestic market, was up 0.97 percent to close at 1,205.33 points.
China plans to push for the communications and resources sharing among Internet, telecommunications and radio and television networks by 2015 to serve the country's economy as a new growth momentum.
New preferential policies would be issued to support innovation while financial and taxation preferences introduced for its rural application and expansion, according to a State Council executive meeting chaired by Premier Wen Jiabao yesterday.
Shaanxi Broadcast & TV Network Intermediary Co surged by 10 percent daily cap to 11.77 yuan, while CEC CoreCast Corp also hit the biggest jump range to 9.49 yuan. China Television Media soared 7.4 percent to 19.20 yuan. Fujian Newland Computer Co jumped 7.1 percent to 15.93 yuan.
China Shenhua Energy Co eased 0.6 percent to 32.60 yuan. China Coal Energy Co was down 0.5 percent to 13.15 yuan. Datong Coal Industry retreated 2 percent to 40.96 yuan.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
