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Wan LixinOpinion deputy editor of Shanghai Daily
Musk’s China visit a fitting rebuff to the ‘decoupling’ rhetoric
Birds of a feather may flock together, but they don’t necessarily build nests
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SHANGHAI stocks closed higher yesterday amid gains made by coal providers and consumer companies while investors were buoyed by the Chinese central bank injecting liquidity in the financial market.
The Shanghai Composite Index edged up 0.05 percent to close at 3,267.92 points.
Investor sentiment was boosted after the People’s Bank of China injected a net liquidity of 300 billion yuan (US$45.3 billion) into the financial market via reverse repurchase agreements, according to a statement published on its official website.
Yanzhou Coal Mining Co Ltd climbed 6.22 percent to finish at 14.17 yuan (US$2.14).
Hebei Hengshui Laobaigan Liquor Co Ltd added 4.55 percent to close at 32.19 yuan.
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