Paper mills' share prices rise

Stocks of Chinese major paper mills continued to rise on Wednesday, as analysts remarked about the good prospects for the industry.

Shares of Shan Dong Sun Paper Industry Joint Stock Co Ltd, one of the largest paper mills by both revenue and profit, increased by 3.29 percent to 6.9 yuan (99 cents), and the shares of Shandong Chenming Paper Holdings Ltd closed 1.31 percent higher.

The benchmark Shanghai Composite Index closed at 3,158.79 on the same day, up 0.73 percent.