(Yicai Global) Dec. 23 -- China's mainland stock markets rallied at opening from yesterday's plunge as the photovoltaic sector spearheaded the charge.

The Shanghai Composite Index opened 0.17 percent higher to 3,362.47. The Shenzhen Component Index stood at 13,912.52, up 0.22 percent and the ChiNext Price Index, which tracks growth enterprises listed in Shenzhen, rose 0.37 percent to 2,822.26.

Jiangsu province-based solar cell provider Eging Photovoltaic Technology [SHA:600537] set out 7.76 percent higher and hit the 10 percent limit up to stop trading at CNY4.68 (71 US cents) within one minute. The company received a subsidy of CNY55 million from its local government yesterday, according to its statement.

China will prioritize non-fossil energy, including solar, wind and hydropower, and strive to substitute low-carbon for high-carbon energy and renewables for fossil fuels, per a white paper the country’s cabinet the State Council released on Dec. 21.

Editor: Ben Armour