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Regulator's reform moves, technology enthusiasm give fresh impetus to stocks

By Cai Xiao | China Daily | Updated: 2018-08-10 07:25

Share prices on the Chinese mainland rebounded on Thursday as the top securities regulator carried out moves to promote reform and opening-up and investors snapped up tech shares on hopes of more government support.

The benchmark Shanghai Composite Index jumped by 1.83 percent to end at 2794.38 points. The Shenzhen Component Index closed 2.98 percent higher at 8752.2 points. The ChiNext Index, which tracks China's growth enterprises board, gained 3.44 percent to close at 1497.61 points.

An index tracking major IT firms rose more than 4 percent, while an index tracking major telecoms firms gained nearly 4 percent. A total of 66 shares increased by their daily limit of 10 percent.

Regulator's reform moves, technology enthusiasm give fresh impetus to stocks

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