Hainan plan gives related firms a boost

20 listed companies see surge in share prices, with 17 soaring by 10% daily limit

Share prices of Hainan-related companies rallied on Monday in response to President Xi Jinping's speech on Friday supporting the building of the whole island into a pilot free trade zone and a free port with Chinese characteristics.

According to Wind Info, a Shanghai-based financial information service provider, companies related to the Hainan development plan showed the most robust increase of 7.15 percent on average on Monday, while the benchmark Shanghai Composite Index fell 1.53 percent to close at 3,110.65 and the Shenzhen Component Index dropped 0.61 percent to close at 10,621.79.