Shares of the following companies had unusual moves in China trading. Stock symbols are in parentheses as of the close.
The Shanghai Composite Index (SHCOMP), which tracks the bigger of China’s stock exchanges, rose 0.32 point, or less than 0.1 percent, to 2,357.18. The CSI 300 Index gained less than 0.1 percent to 2,537.09.
Tourism stocks: China International Travel Corp. (601888) (601888 CH), the country’s largest tourism company by market value, rose 1.6 percent to 26.71 yuan. Emei Shan Tourism Co. (000888) (000888 CH) jumped 3.3 percent to 18.20 yuan.
China will encourage local government financial support for the tourism industry, the listing of industry companies and support the merger of listed firms, the People’s Bank of China said in a statement yesterday. It will also help improve payment and settlement services for the industry, it said.
Harbin Pharmaceutical Group Co. (600664) (600664 CH), China’s biggest drugmaker by sales, fell 4 percent to 7.86 yuan, its biggest loss since Nov. 30. The company said it may have to pay $45.5 million in refunds and reported “irregularities” at two of its units.
--Zhang Shidong. Editor: Darren Boey
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