China Stocks: Citic Securities, GF Securities, Jiangxi Boya
Stock Chart for GF Securities Co Ltd (000776)
The Shanghai Composite Index (SHCOMP), which tracks the bigger of China’s stock exchanges, rose 25.48 points, or 1.1 percent, to 2,420.28. The CSI 300 Index (SHSZ300) declined 1.3 percent to 2,635.79.
Brokerages: Citic Securities Co. (600030) (600030 CH), China’s biggest listed brokerage, jumped 3.1 percent to 12.47 yuan, the highest close since Sept. 21. GF Securities Co. (000776) (000776 CH), the second-biggest, advanced 2.6 percent to 30.60 yuan, a sixth day of gains.
The People’s Bank of China, the nation’s central bank, is assessing and studying raising the individual investment quota for each qualified foreign institutional investor, or QFII, the Shanghai Securities News reported today, citing an interview with Vice Governor Yi Gang. China last raised individual quotas for foreign investors to $1 billion from $800 million in 2009.
Jiangxi Boya Bio-Pharmaceutical Co. (300294) (300294 CH) jumped 55 percent from its offer price to 38.80 yuan on the first day of trading in Shenzhen today.
Shenyang Blue Silver Industry Automatic Equipment Co. (300293) (300293 CH) climbed 30 percent from its offer price to 32.20 yuan on its trading debut in Shenzhen.
--Zhang Shidong. Editor: Chan Tien Hin
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