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China International Travel Rises on Tourism Support Plan

July 27 (Bloomberg) -- China International Travel Service Corp. rose to the highest in more than seven months in Shanghai trading after the government said it will give financial support to tourism companies.

The stock rose 1.6 percent to 22.28 yuan as of 9:32 a.m. local time, heading for the highest close since Oct. 15.

The government will offer support to help tourism companies sell bonds and shares to raise funds, according to a statement from the State Council on a government website.

Link to Company News:{601888 CH <Equity> CN <GO>}

To contact the reporter on this story: Jian Guo Jiang in Shanghai at jjiang@bloomberg.net

To contact the editor responsible for this story: Gregory Turk at gturk2@bloomberg.net

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