Inner Mongolia Stocks Rise on Report of Plan to Bolster Regional Economy
Stock Chart for Inner Mongolia Yili Energy Co Ltd (600277)
China’s Inner Mongolian company shares rose in Shanghai trading after a media report said the central government may introduce a plan to push economic development in the northern region.
Inner Mongolia Yili Energy Co. jumped 7.2 percent to 12.75 yuan as of 9:36 a.m. local time, the most since Aug. 17. Xishui Strong Year Co., a cement maker, rose 6.1 percent to 12.98 yuan. Baotou Huazi Industry Co., a sugar producer, added 4.3 percent to 7.58 yuan and Inner Mongolia Eerduosi Cashmere Products Co. climbed 4.7 percent to 14.18 yuan.
A delegation from the central government led by the National Development and Reform Commission is making an onsite inspection of region, the 21st Century Business Herald reported today.
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