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Tourism and finance plays jump in Shanghai stock trading
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Shanghai’s composite stock index edged up 0.24 percent to 2,235.80 points in morning trading, helped by the strong performance of tourism and Internet finance sectors.
The central government released yesterday new plans to boost tourism, such as varying travel products, aiming to realize annualized revenue of 5.5 trillion yuan (US$887 billion) by 2020.
Huangshan Tourism Development increased 3.15 percent to 14.43 yuan, while Shanghai Jinjiang International Hotels Development added 2.81 percent to 19.78 yuan.
China Finance Online, a Nasdaq-listed company, released on Monday the first independent online securities trading platform, in cooperation with CITIC Securities. The share price of China Finance Online has been skyrocketing in the past three days, creating a strong stimulus in the Internet-securities cooperative sector.
CITIC Securities gained 0.70 percent to 12.94 yuan, while Shenzhen Kingdom Technology surged 5.35 percent to 34.28 yuan.
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