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Chinese shares up 3.48 pct at midday_教育资源库

Chinese shares up 3.48 pct at midday
作者:佚名 文章来源:教育资源库 点击数: 更新时间:2009-10-12

Chinese shares up 3.48 pct at midday

    Chinese shares jumped 3.48 percent by midday Thursday after the securities regulator reassured investors it would promote the healthy development of capital markets after recent falls, dealers said.
    The Shanghai Composite Index, which covers both A and B shares, was up 94.36 points at 2,809.33.
    The China Securities Regulatory Commission will do its best to promote the stable and healthy development of China’s capital markets, Xinhua News Agency reported late Wednesday, citing the regulator’s vice chairman, Liu Xinhua.
    The remarks came after the benchmark index slumped 6.74 percent on Monday in the biggest single fall in 14 months as concerns over slowing lending growth and a new share supply glut weighed on sentiment.
    However, analysts warned the remarks, making headlines in state newspapers, could be just a temporary boost.
    "But we need to watch whether the gains are sustainable as the CSRC didn’t launch any material measures," Zhang Gang, an analyst at Southwest Securities told Dow Jones Newswires.
    The Shanghai A-share index rose 99.11 points, or 3.48 percent, to 2,948.32, while the Shenzhen A-share index gained 35.75 points, or 3.75 percent, to 987.86.

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