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Chinese shares surge 4.8% on regulator assurance

Chinese shares;surge;economy

A shareholder smiles in front of an electronic board showing share prices at a stock exchange in Shanghai, east China, on Sept. 3, 2009. Chinese equities climbed Thursday after the country's securities regulator said it would take measures to promote the steady and healthy development of the market. The benchmark Shanghai Composite Index rose 4.79 percent, or 130.05 points, to finish at 2,845.02. The Shenzhen Component Index advanced 6.19 percent, or 665.1 points, to end at 11,404.05.

Chinese equities climbed Thursday after the country's securities regulator said it would take measures to promote the steady and healthy development of the market.

The benchmark Shanghai Composite Index rose 4.79 percent, or 130.05 points, to finish at 2,845.02. The Shenzhen Component Index advanced 6.19 percent, or 665.1 points, to end at 11,404.05.

Combined turnover increased to 213.54 billion yuan (31.27 billion U.S. dollars) from 137.04 billion yuan on the previous trading day.

Liu Xinhua, vice chairman of the China Securities Regulatory Commission, the industry regulator, said late Wednesday that the country would deepen reforms of the security market to promote its steady and healthy development.

Chinese shares;surge;economy

Shareholders looks at an electronic board showing share prices at a stock exchange in Shenyang, northeast China's Liaoning Province, on Sept. 3, 2009.

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 Source : Xinhua  Editor: Ivy
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