Wednesday, July 17, 2013

Chinese shares close higher Tuesday

BEIJING, July 16 (Xinhua) -- Chinese shares closed higher Tuesday on the back of positive policies for China's solar energy market.

The benchmark Shanghai Composite Index was up 0.31 percent, or 6.33 points, to end at 2,065.72. The Shenzhen Component Index gained 0.60 percent, or 48.91 points, to end at 8,186.68.

Combined turnover on the two bourses shrank to 197.7 billion yuan (32.04 billion U.S. dollars) from 217.3 billion yuan the previous trading day.

The solar power sector rose remarkably. Shares of TDG Holding Co. Ltd. shot up by the daily 10-percent limit to hit 5.58 yuan per share, while shares of Risen Energy Co. Ltd. rose 7.75 percent to 7.23 yuan per share.

China aims to raise its installed generating capacity of solar power to 35 gigawatts by 2015, up from a previous target of 21 gigawatts, and it plans add 10 gigawatts annually from 2013 to 2015, the State Council, China's cabinet, announced on Monday.

Source: http://english.sina.com/business/2013/0716/609147.html

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