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April 11, 2017

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Shares end rises

SHANGHAI stocks ended a four-day rising streak yesterday after the securities regulator vowed to punish stingy “iron roosters.” The Shanghai Composite Index fell 0.52 percent to 3,269.39 points. Dozens of newly listed stocks and counters expected to issue bonus shares instead of paying cash dividends were hard hit, after Liu Shiyu, chairman of the China Securities Regulatory Commission, urged listed firms to reward investors with cash dividends.


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