Media stocks: Huayi Brothers Media Corp. (300027) (300027 CH), China’s biggest listed filmmaker, gained 1 percent to 15.17 yuan. Zhejiang Huace Film & TV Co. (300133 CH) climbed 3.8 percent to 30.39 yuan. Anhui Xinhua Media Co. (601801 CH), a book publisher, advanced 2.1 percent to 11.73 yuan.
China will encourage listings of“culture industry” companies, according to a five-year government plan published by the state-run Xinhua News Agency. China will also promote mergers and acquisitions in the industry, it said.
Pangang Group Steel Vanadium & Titanium Co. (000629 CH), controlled by Anshan Iron & Steel Group, jumped by the 10 percent daily limit to 7.46 yuan. Net income may have reached as much as 200 million yuan ($32 million) last year, Pangang said yesterday after the market close. That beat expectations that the steelmaker had a loss, said Zhou Xizeng, an analyst at Citic Securities Co. in Beijing.
--Zhang Shidong. Editor: Allen Wan
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