Key stock index closes at nearly 6-month high (2)

Recent reports carried by Nanfang Metropolis Daily cited an unnamed official from the National Development and Reform Commission, China's top economic planner, as saying the country's urbanization initiatives will drive investment worth 40 trillion yuan in the coming 10 years.

China Vanke Co., Ltd., the nation's biggest property developer by market value, gained 5.97 percent to close at 10.12 yuan, and Poly Real Estate jumped 4.73 percent to 12.84 yuan per share.

Eight real estate firms, including AVIC Real Estate Holding Co., Ltd. and Guangzhou Pearl River Industrial Development Co., Ltd., saw shares soar by the daily limit of 10 percent on Tuesday.

Banking shares extended robust performances on Tuesday, with the sector's subindex up 3.3 percent.

Industrial Bank Co. gained 5.89 percent to 16.36 yuan, while Minsheng Bank rose 4.73 percent to 7.75 yuan.

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