Chinese share prices 3% higher upon regional rises

BEIJING, Jan. 6 (Chinese media) -- Chinese equities

maintained their vitality Tuesday upon rises on regional markets and hope for

the imminent release of the government's stimuli package for specific

industries.

The benchmark Shanghai Composite Index gained 56.42

points, or 3.00 percent, to 1,937.14. The Shenzhen Component Index rose 160.46

points, or 2.42 percent, to 6,795.34.

Combined turnover jumped to 105.217 billion yuan

(15.38 billion U.S. dollars) from 70.675 billion yuan for the previous trading

day.

Gains outnumbered losses by 863 to 12 in Shanghai and 706

to 46 in Shenzhen.

The banking sector was outstanding in the upward

movement with a gain of 3.36 percent on average, as the Shanghai Pudong

Development Bank reported strong earnings for last year.

Shanghai Pudong Development Bank soared 5.54 percent

to 14.48 yuan, Huaxia Bank rose 4.56 percent to 7.80 yuan, China Merchants Bank

went up 4.05 percent to 13.10 yuan, the Industrial and Commercial Bank of China

up 2.78 percent to 3.70 yuan, and China Construction Bank up 2.06 percent to

3.97 yuan.

Chongqing-related shares continued the strong

performance of the previous trading day, upon the government's decision to

develop the city into an economic hub for the upper stream of the Yangtze River

and a metropolis that integrates urban districts and rural areas.

For example, Fuling Power and Chongqing Steel rose by

the 10-percent daily limit, Chongqing Development gained 7.13 percent to 6.17

yuan, Chongqing Gangjiu went up 5.07 percent to 6.43 yuan and Chongqing Road

Bridge up 5.43 percent to 6.41 yuan.