Shares rise as reforms anticipated
Print Edition
SHANGHAI stocks ended at a one-month high yesterday as investors hoped reforms of China’s military industry would draw more investments.
The Shanghai Composite Index gained 0.36 percent to 3,310.30 points.
Xu Dazhe, head of the State Administration of Science, Technology and Industry for National Defense, recently said China will further reform the aviation industry by unveiling more investment channels, and China is cooperating with 29 countries in aviation innovation.
Guodu Securities said investors were expecting reforms and stimulus polices for the military sector at China’s annual political sessions held in early March.
China Aerospace Times Electronics surged by the daily 10 percent limit to 18.14 yuan (US$2.89) and China Spacesat rose 5.16 percent to 31.79 yuan.
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