BEIJING (XFN-ASIA) - China shares are expected to open higher on
follow-through interest after the key index jumped nearly 5 pct in the previous
session, dealers said.
A 25 basis point rate cut by the Federal Reserve last week may also
encourage the Chinese markets, they added.
On Wednesday, the benchmark Shanghai Composite Index closed up 169.70 points
or 4.82 pct at 3,693.11. China markets were closed Thursday and Friday for a
national holiday.
GD Power Development (SHA 600795), one of China's five biggest power firms,
will be in the spotlight after announcing plans to issue up to 3.995 bln yuan
worth of six-year bonds with warrants on Wednesday.
Securities firms could remain in favor after the Economic Observer reported
that China is expected to launch margin trading trials this month with three
brokerages chosen for a pilot program.
(1 usd = 7.0 yuan)
allen.shu@xfn.com
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xfnals/xfntm
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