Shares of companies based in southeastern Fujian province stage a strong rally, with Fujian Cement, Fujian Sanmu Group,China Wuyi and Zhongfu Straits surging the by the daily limit of 10%.
The rally came after the central government disclosed details of its plan to make Fujian a zone for integrated development with Taiwan, including financial market initiatives.
Beijing will encourage Taiwanese companies . . .
Don't let random information shape your understanding of China market. You need a timeline dedicated to the huge market.
To subscribe, buy us a cup of coffee every week!
Don't worry! Cancel before the free trial ends and you won't be charged.
How do we work?
From 8 am to 10 pm every trading day, we closely monitor news and views that have potential to move the markets in mainland China and Hong Kong and have the value to help you understand the economy and the markets. We post the real-time information on the member-only Wire Service, with details and data you don't see elsewhere!
During the weekend, we summarize the most important stories in a newsletter sent directly to your inbox so that you can get a big picture of what happened in China markets in the week.