SHANGHAI :
Chinese Stock Indexes Close Higher After New Data Prove Recovery
Liao Shumin
DATE:  Sep 15 2020
/ SOURCE:  Yicai
Chinese Stock Indexes Close Higher After New Data Prove Recovery Chinese Stock Indexes Close Higher After New Data Prove Recovery

(Yicai Global) Sept. 15 -- China's four major stock benchmarks finished the day higher after a wave of soothing economic data came out of the country's statistics bureau and the central bank injected cash into the financial system.

The Shanghai Composite Index was at 3,295.68, up 0.51 percent higher. The Nasdaq-like Star Market 50 Index, or Star 50, moved up 1.23 percent to 1,364.6.

The Shenzhen Component Index closed at 13,143.46, up 0.93 percent. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, gained 0.88 percent to 2,595.15.

By August, China's retail sales and industrial value-added output both recovered to exceed the levels of last year, which was unexpected, accordion to Citic Securities.

The People's Bank of China poured CNY340 billion (USD50 billion) into the nation's financial system today by conducting CNY600 billion worth of medium-term lending facility loans, which should respond to lenders' liquidity requirements, according to the same brokerage.

Editor: Emmi Laine

 

 

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Keywords:   Chinese Stock Markets