Chinese equities rose for the third consecutive day on Wednesday following the news that the State Council has approved the long-awaited stock-index futures, which has not been confirmed till press time.
XCMG Construction Machinery Co Ltd, the nation's largest construction machinery maker, will raise 5 billion yuan through a private placement of shares to finance new projects and obtain advanced technology, according to a statement the company filed to the Shenzhen Stock Exchange yesterday.
Shares of Shanghai Shentong Metro Co surged to daily limits yesterday after the city's Metro Line 1 operator appointed a new chairman, triggering hopes that the much-anticipated asset restructuring would start soon.
Mainland stocks rose to the highest in two weeks, erasing earlier losses, as commodity producers and banks advanced on speculation the nation's economic growth will boost demand for raw materials and loans.
Chinese equities continued to rise on Tuesday with the benchmark Shanghai Composite Index up 0.72 percent, or 22.98 points, to close at 3,211.76 points.
The ChiNext stock market fell on Tuesday as 20 of the 36 shares at China's start-up board for small and medium-sized enterprises were down.
China CNR Corp posted the smallest first-day trading gain among initial public offerings in the country this year after more than 90 sales since June cut demand for new shares.
China's first fund for environmental industry was launched Monday in Beijing, aiming to promote investment in the country's environment-related sectors.
The mainland's stocks rose to a two-week high after profits at industrial companies surpassed pre-crisis levels in the past three months and the government raised price caps for rural purchases of home appliances.
The ChiNext rose on Monday as all but five of the 36 shares at China's start-up board for small and medium-sized enterprises were up.
Private investment should be allowed in any sector that government policies and regulations did not prohibit, said Chinese Premier Wen Jiabao Sunday.
Chinese equities rose on Monday as the benchmark Shanghai Composite Index up 1.51 percent, or 47.43 points, to close at 3,188.79 points. The Shenzhen Component Index gained 1.31 percent, or 174.05 points, to close at 13,463.98 points.