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Inner Mongolia Stocks Rise on Report of Development Plan

China’s Inner Mongolian company shares rose in Shanghai trading after a media report said the central government may introduce a plan to push economic development in the northern region.

Inner Mongolia Yili Energy Co. jumped 7.2 percent to 12.75 yuan as of 9:36 a.m. local time, the most since Aug. 17. Xishui Strong Year Co., a cement maker, rose 6.1 percent to 12.98 yuan. Baotou Huazi Industry Co., a sugar producer, added 4.3 percent to 7.58 yuan and Inner Mongolia Eerduosi Cashmere Products Co. climbed 4.7 percent to 14.18 yuan.

A delegation from the central government led by the National Development and Reform Commission is making an onsite inspection of region, the 21st Century Business Herald reported today.

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