日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Stocks rally on talk of gov't support

Updated: 2011-10-13 09:46

By Irene Shen (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

SHANGHAI - Stocks on the Chinese mainland rallied on Wednesday, spurring the biggest gain for the benchmark index in a year, on speculation the government is seeking to bolster the share market after valuations dropped to record low levels.

Haitong Securities Co led a rally for brokerages after Xinhua News Agency reported that regulators approved cross-border exchange-traded funds.

China Minsheng Banking Corp surged the most in seven weeks as banks extended Tuesday's rally after Central Huijin Investment Ltd began buying shares of lenders.

Rolling stock producers CSR Corp and China CNR Corp rose more than 4 percent after the 21st Century Business Herald reported that their parent companies might get cash injections from the government.

The Shanghai Composite Index advanced 71 points, or 3 percent, to 2420, the most since Oct 15, 2010. The CSI 300 Index gained 3.6 percent to 2644.76.

Central Huijin's move was a flashpoint, boosting investors' confidence and buying sentiment," said Wu Kan, a fund manager at Dazhong Insurance Co, which manages $285 million.

"The government's move fueled speculation that China's stocks are undervalued."

The Shanghai Composite Index has tumbled 14 percent this year, driving down estimated price earnings to 11.2 times, compared with the record low of 10.8 times set on Oct 10, according to data compiled by Bloomberg.

Stocks have fallen as the government raised interest rates and reserve-requirement ratios for banks to cool inflation that's at the highest level in almost three years.

Inflation probably eased to 6.1 percent in September from 6.2 percent in August, according to the median forecast of economists in a Bloomberg survey. The data are scheduled to be released on Oct 14. Consumer prices rose 6.5 percent in July.

A gauge of financial companies in the CSI 300 surged 4.5 percent, the most among the 10 industry groups.

The China Securities Regulatory Commission has approved cross-border exchange-traded funds (ETF), Xinhua reported, citing an unidentified person.

ETFs mimic the performance of an index and trade like stocks. Chinese investors may benefit from exchanges' plans to introduce ETFs tracking overseas indexes as they currently have limited access to foreign stocks.

Central Huijin bought 14.6 million Shanghai-listed A shares in ICBC, 7.38 million yuan-denominated shares of China Construction Bank Corp, 39.1 million shares in Agricultural Bank Ltd and 3.5 million shares in Bank of China Ltd, the four lenders said in statements to the Hong Kong and Shanghai stock exchanges.

Bloomberg News

Related Stories

Chinese stocks rise more than 3% -- Oct 12 2011-10-12 15:51
China's bank stocks gain -- Oct 11 2011-10-11 16:59
主站蜘蛛池模板: 操操操视频 | 69婷婷国产精品入口 | 亚洲1区 | 久久aⅴ国产欧美74aaa | 伊人久久香 | 在线观看日韩欧美 | 91免费进入| 国产精品毛片va一区二区三区 | 香蕉综合视频 | 国产黄色一级片 | 久久一视频| 国产乱淫av一区二区三区 | 日韩欧美大片在线观看 | 99热国产在线观看 | 日本视频在线观看 | 国产在线a视频 | 69久久夜色精品国产69 | 黄色a视频| 日本风骚少妇 | 二区在线视频 | www国产在线观看 | 国产一区二区精品在线 | 久久免费国产 | 色婷av| 国产精品a久久久久 | 日日干夜夜撸 | 四虎影视在线播放 | 亚洲精品少妇久久久久久 | 国产成人看片 | 亚洲一二区视频 | 亚洲专区在线播放 | 男女互操网站 | 成人在线精品 | 亚洲国内自拍 | 亚洲一区天堂 | 久久久在线 | 一曲二曲三曲在线观看中文字幕动漫 | 亚洲在线视频一区二区 | 视频一区二区在线 | 亚洲成人av一区二区三区 | 国产高清在线观看 |