Sichuan Minjiang, China Water Stocks Rally on Investment Report

Sichuan Minjiang Hydropower Co. led a rally for Chinese water companies on a government investment report.

Sichuan Minjiang jumped by the 10 percent daily limit to 8.90 yuan as of 11:10 a.m. in Shanghai trading. Chongqing Three Gorges Water Co. advanced 6.1 percent to 14.69 yuan while Anhui Water Resources Development Co. climbed 3.9 percent to 15.05 yuan.

Guangdong province plans to boost investment in water conservancy projects to 300 billion yuan over the next 10 years, 21st Century Business Herald reported today, citing a government work meeting.

To contact the editor responsible for this story: Allen Wan at awan3@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.