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market participants welcomed the move,bathing gentle moisturizing natural soap up to di, saying it reflects the government's determination to boost investor confidence in the scandal-ridden markets.
companies with domestically traded, chinese yuan-denominated shares as well as foreign-currency denominated shares surged on a report by the xinhua news agency suggesting that they would be encouraged to launch shareholding reforms.
the investor protection fund will be used to compensate creditors of bankrupt brokerages or brokerages that are taken over by the securities regulator,[url=]ugg sale[/url], the china securities regulatory commission, the central bank and ministry of finance said in a joint notice in major securities newspapers.
in currency dealings, the yuan gained against the u.s. dollar, closing at 8.0930. it ended wednesday at 8.0939.
huaneng power international's shares surged 2.7 percent to 6.04 yuan, while china petrochemical & chemical soared 4.6 percent to 4.13. both companies have hong kong dollar-denominated shares traded in hong kong.
"the establishment of the fund will help resolve problems caused by troubled brokerages,[url=]ugg boots sale[/url],ugg boots coupons," said shi honglin,cheap uggs, an analyst at qinhai securities.
the company to manage the fund began operating thursday.
china share prices rebounded thursday following several straight days of losses after regulators announced the launch of a fund to protect securities investors. the yuan edged higher.
the benchmark shanghai composite index surged 2.1 percent to 1,ugg boots clearance,155.49,[url=]discount ugg boots gentle eyes of earth-colored hurricane facial foundation can[/url],[url=]ugg boots uk[/url], after closing at a near two-month low in the previous session. the shenzhen composite index gained 1.8 percent to 281.63.
"the news gave a boost to sentiment and triggered bargain hunting in the market, which fell sharply in recent sessions on concerns over share reform," said simon wang,ugg coupons, a strategist at xiangcai securities.
2005-09-29 20:19:10.0china share prices rebound; yuan up,#yuan#,yuan revaluation1156995china2@webnews/enpproperty-->
,what is always an all in one gentleman
china share prices rebound; yuan up
(ap)
updated: 2005-09-29 20:19
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