• News
  • Markets
news photo
Stocks rebound for second day after worst week in 7 years

Stocks rebounded for a second day on Wednesday after registering their steepest weekly loss since the global financial crisis, [Company Incorporation USA]as liquidity concern eased after a flood of new offerings.

The benchmark Shanghai Composite Index climbed 2.5 percent to 4,690.15 points at the close after sinking more than 13 percent last week, while the Shenzhen Component Index closed at 16,312.31, up 1.7 percent.

Energy and power companies led the gain, as Huadian Power International, Huaneng Power International, Jilin Power Share Co and Sinopec Shanghai Petrochemical jumped by the daily limit of 10 percent.

PetroChina and Sinopec, the country's two major energy magnets, climbed 2.9 and 3.8 percent respectively.

Coal companies remained bullish, with China National Coal Group and SDIC Xinji Energy Co surging by 10 percent. China Shenhua Energy and Shanghai Energy gained 5.4 and 6.6 percent respectively.

The Shanghai [Hong Kong Company Registration Guide] gauge plunged 13.3 percent last week amid concerns that 25 new listings could lure away liquidity from existing equities.


Hongkong Tel : +852-2537 7886 Fax : 2537 7780   Add : 21F, Lippo Centre Tower 2, 89 Queensway, Admiralty, HK
Beijing Tel : +86-10-5979 7566 Fax : 5885 7463 Shanghai Tel : +86-21-6252 4952 Fax : 6091 7720
Tianjin Tel : +86-022-5829 8755 Fax : 5867 5735 Nanjing Tel : +86-25-8467 1161 Fax : 8467 1194
Guangzhou Tel : +86-20-2208 2580 Fax : 2208 2579 Shenzhen Tel : +86-755-8270 1877 Fax : 8270 1875
Hangzhou Tel : +86-571-8788 6788 Fax : 8607 5868 Ningbo Tel : +86-574-8772 9255 Fax : 8772 9216
Dalian Tel : +86-411-8250 6091 Fax : 8250 6094 Qingdao Tel : +86-532-8090 2580 Fax : 8090 2590
Xiamen Tel : +86-592-3299 299 Fax : 3299 199 Fuzhou Tel : +86-591-8389 1762 Fax : 8389 1752