Chinese stocks are posting biggest gains

10 April, 2017

The Chinese stock market closed on a positive territory, posting the biggest gain since the end of November 2016. Meanwhile, the ShComp index finished the week at a 15-month high, as a result of the Chinese government’s efforts to create  special economic conditions in the Hebei province.

CSI 300, the blue chip index, traded in Shanghai and Shenzhen, added 0.1% to 3.517.46 points, the Shanghai Composite climbed 0.2% to 3.286.62 points, infrastructure sector led gains, expecting a rise of new orders in connection with the developments of special economic areas in China.

Bulls’ attention stuck on the development of the “Millennium Project” – the special economic zone of Xionguan, featured with preferential conditions for manufacturing business. Shares of the firms associated with the project posted the maximum increase of 10% of the allowed by the exchange. Infrastructure industry added 5.1% this week, reaching a maximum of 15 months.

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