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China equities rebound almost 6% on regulator comment
(Xinhua)
Updated: 2008-08-20 15:01 This week, there is a large volume of shares coming out of lock-up periods, amounting to 18.9 billion shares valued at 120 billion yuan.
China Merchants Bank rose 7.13 percent to close the morning at 23.45 yuan. The Shanghai-listed lender reported first-half net profit of 13.245 billion yuan on Tuesday, up 116.42 percent year-on-year. CITIC Securities, the country's largest listed broker, gained by the daily 10 percent limit to close the morning at 18.70 yuan. Shares slid more than 5 percent on Monday to a 20-month low. |