Shares rise to highest in 1 month
Print Edition
SHANGHAI shares yesterday rose to their highest in one month as investors were hopeful that the Chinese government’s plan to cut massive corporate debt would result in mergers and restructuring among listed state-owned companies that would lift their share price.
The Shanghai Composite Index added 0.56 percent to 3,065.25 points.
China Shipbuilding Industry Co gained 5.05 percent to 6.66 yuan (99 US cents) and CSSC Offshore & Marine Engineering (Group) Co jumped 7.41 percent to 29.42 yuan as investors welcomed the measures, such as promoting mergers and acquisitions, debt-to-equity swaps and debt securitization, to cut rising corporate debt.
- 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.
