Continued SOE reform helps shares rebound

Updated 2016-12-22 09:25:58 Shanghai Daily

Shanghai stocks rebounded yesterday as investors were cheered by China's determination to stay the course on state-owned enterprise reform.

The Shanghai Composite Index gained 1.1 percent to 3,137.43 points, helped by the announcement of China National Petroleum Corp to adopt a mixed-ownership format.

PetroChina, the listed arm of CNPC, gained 3.93 percent to 7.93 yuan (US1.14).

At the Central Economic Work Conference last week, SOEs were urged to reform to enhance their efficiency by attracting diversified funds and ideas.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58April 23 2018 00:25:27

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16April 23 2018 00:25:27

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18April 23 2018 00:25:27

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords