HONG KONG, (APP/AFP) – Chinese stocks closed
up solidly on Monday after the new head of the securities regulator pledged government intervention should the market fall too sharply, dealers said.
The benchmark Shanghai Composite Index rose 1.75 percent, or 49.19 points, to 2,859.50 on turnover of 202.8 billion yuan ($31.2 billion).
The Shenzhen Composite Index, which tracks stocks on China’s second
exchange, jumped 3.56 percent, or 60.05 points, to close at 1,745.29 on
turnover of 301.2 billion yuan.
In Hong Kong the Hang Seng index ended up 235.74 points or 1.17 percent at 20,435.34.