Shares soar to end above 4,200 points
Print Edition
SHANGHAI stocks rose over 2 percent to finish above 4,200 points yesterday as blue chips soared following new government measures to stimulate China’s exports of equipment.
The Shanghai Composite Index climbed 2.2 percent to end at 4,287.30 points. For the week, it gained over 5 percent.
The Ministry of Commerce on Thursday said the Chinese government will continue to support exports of equipment.
China’s equipment-making sector made US$960 million in outbound direct investment in the first quarter of this year, according to the ministry.
The government will also encourage global cooperation to help Chinese firms in the railway, nuclear power, automobile, ship-building, chemical industry and metallurgy sectors, said spokesperson Shen Danyang on Thursday.
China Railway Group, China Railway Construction Co and China CNR Co all rose by the daily 10 percent limit to 18 yuan (US$2.90), 23.76 yuan and 38.46 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.
