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Sichuan Minjiang, China Water Stocks Rally on Investment Report

Aug. 24 (Bloomberg) -- Sichuan Minjiang Hydropower Co. led a rally for Chinese water companies on a government investment report.

Sichuan Minjiang jumped by the 10 percent daily limit to 8.90 yuan as of 11:10 a.m. in Shanghai trading. Chongqing Three Gorges Water Co. advanced 6.1 percent to 14.69 yuan while Anhui Water Resources Development Co. climbed 3.9 percent to 15.05 yuan.

Guangdong province plans to boost investment in water conservancy projects to 300 billion yuan over the next 10 years, 21st Century Business Herald reported today, citing a government work meeting.

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To contact the editor responsible for this story: Allen Wan at awan3@bloomberg.net

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