在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

US EUROPE AFRICA ASIA 中文
Business / Markets

Stocks rise to 8-week high on stimulus, SOE reform hope

(chinadaily.com.cn) Updated: 2015-10-15 16:44

Stocks rise to 8-week high on stimulus, SOE reform hope

An investor looks at an electronic trading screen at a brokerage in Nanjing, Jiangsu province. [Asinewsphoto by Su Yang]

Chinese stocks surged to an eight-week high on Thursday as the government unveiled a plan a day earlier to reorganize the telecom industry, raising speculation of accelerating reforms of State-owned enterprises (SOEs) to boost economic growth.

The Shanghai Composite Index climbed 2.3 percent to close at 3,338.07, the highest level since Aug 21, while the CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.4 percent, to 3,486.82.

An index tracking telecom stocks jumped nearly 5 percent, after China's three main telecom operators agreed to consolidate towers and related assets into a jointly owned firm, a move that would reduce duplication of telecom infrastructure.

China United Network Communications Ltd and China Mobile Ltd gained at least 2.7 percent after the government injected 231.4 billion yuan ($36 billion) of network assets such as base stations into a new company called China Tower Corp.

There is "speculation regarding another wave of SOE reform," the Bloomberg News quoted Gerry Alfonso, a sales trader at Shenwan Hongyuan Group Co in Shanghai, as saying.

"The economy is slowing down and a clear, but challenging, way of supporting the economy would be to speed up SOE reform. SOE reform remains one of the most solid investment themes," he added.

Following the release of weak inflation data for September, China's economic planner said on Thursday that consumer prices will continue to rise at a mild pace in coming months, and approved six transportation projects worth 68.6 billion yuan ($10.82 billion).

"There seem to be considerable expectations of further economic stimulus, which could mitigate some deflationary pressures," said Alfonso.

Reflecting rising risk appetite, outstanding margin loans in China rose in the past five sessions. Last week, investors' securities accounts witnessed weekly net inflows for the first time in six weeks.

Stocks in China rose across the board on Thursday, led by tech shares.

Yang Delong, chief analyst at China Southern Fund Management, said the sustained rally the National Day holidays was mainly attributable to strong oversold bounce momentum following the slump of the A-share market.

China's stock market started to drop four months ago, sending the benchmark Shanghai Composite index tumbling almost 40 percent from its June 12 peak as investors scurried for the exit.

Agencies contributed to this story.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产亚洲综合精品 | 欧美一级欧美三级在线观看 | 国产成人在线一区二区 | 日本a v网站 | 一区国产视频 | 成人一区二区三区在线 | 超碰在线观看免费 | 国产精品观看 | 日韩一区免费观看 | 亚洲h视频在线观看 | 久久久久久久久久久久99 | 国产亚洲一区二区三区在线观看 | 美女天堂av | 在线观看中文 | 青青99 | 亚洲欧美综合精品久久成人 | 精品国产乱码久久久久久闺蜜 | 天天天干天天射天天天操 | 免费的黄色av网站 | 色婷婷综合网 | 成人a在线视频免费观看 | 国产精品永久免费 | 日本在线视频一区二区三区 | 2018天天操夜夜操 | 日韩精品视频在线观看网站 | 欧美日韩国产中文 | 国产精品久久久久久久久久新婚 | 91精品亚洲 | 成人免费网站www网站高清 | 午夜免费看视频 | 欧美一级二级三级视频 | 欧美精品一区二 | 一区二区免费视频 | 国产精品毛片一区二区三区 | 欧美一级一区 | 成人黄色a | 久久久久国产一级毛片高清版小说 | yy6080久久伦理一区二区 | 国产中文字幕亚洲 | 久久亚洲一区 | 99精品免费 |