Latest News:  

English>>Business

Key stock index closes at nearly 6-month high

(Xinhua)

09:16, December 26, 2012

BEIJING, Dec. 25 (Xinhua) -- Chinese shares closed with a strong rally on Tuesday led by the property sector, as investors believe the country's upcoming urbanization initiatives will push up demand for urban homes.

The benchmark Shanghai Composite Index surged 2.53 percent to end at 2,213.61, the highest level since early July, while the Shenzhen Component Index jumped 3.01 percent to finish at 8,891.57 points, the highest since mid-August.

Combined turnover on the two bourses expanded sharply to 220.8 billion yuan (35.1 billion U.S. dollars) from 136.7 billion yuan the previous trading day.

Gainers outnumbered losers by 963 to 11 in Shanghai and by 1,476 to 37 in Shenzhen

Property shares drove the rises on Tuesday over anticipation of detailed government policies to advance urbanization, which will fuel demand for urban homes.

In a statement issued after the central economic work conference, which was held earlier this month and set the tone for next year's policymaking, China said urbanization is a key driver of domestic demand and will be actively and steadily pushed forward in 2013.

【1】 【2】


We recommend:

Riding on BJ-GZ high-speed railway

The spending of China's rich

More Chinese cities see home price rise

Santa is coming and China takes a lot more notice

Harbin-Dalian high-speed railway starts operation

Nanjing Yangtze Fourth Bridge to open

Email|Print|Comments(Editor:马茜、梁军)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Submarines in confrontation drill

  2. China's J-11 fighters fly over Mt. Qomolangma

  3. Splendid moments in 2012

  4. China in winter snow wonderland

  5. With me, you are not alone

  6. Beijing-Guangzhou high-speed railway opens

  7. World's hottest supermodels in 2012

  8. Must-see December 2012

Most Popular

Opinions

  1. Optimism over China's economy surfaces
  2. Internet gaming: 'A winning gamble'
  3. People have right to know what chickens eat
  4. Catchwords in memory in 2012
  5. Why the young Chinese get physically weaker
  6. Why Discover China is popular in the West
  7. The laughter sounds too harsh
  8. Do not confuse Confucious with Santa Claus

What’s happening in China

11 Chinese children dead after van plunges into pond

  1. Chinese man hits students with car
  2. More details revealed in fatal school van crash
  3. Good Samaritan vote attracts 80 mln netizens
  4. Draft law to protect personal privacy
  5. 89 children rescued in Chinese trafficking ring bust