(Yicai Global) April 8 -- The Shanghai Composite Index, which tracks the eastern Chinese city's stock exchange, jumped to a 12-month high as traders got back to work after a long Qingming holiday weekend.
The Shanghai Composite Index rose 0.8 percent to 3,271.27 points, a level not seen since March 2018. The Shenzhen Component Index was 10,510.43 points, up 0.9 percent. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, advanced 0.6 percent to 1,787.96 points.
China's foreign exchange reserves rose USD8.6 billion, or 0.3 percent, to USD3.1 trillion last month, according to the State Administration of Foreign Exchange which drafts rules for forex market activities.
Investors may have been encouraged by the latest forex reserve data as with the opening-up of China's financial sector more foreign capital can flow into the nation's stock markets.
Editor: Emmi Laine