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Home BizChina Chinese shares rise slightly as new loans expected to fall in April

Chinese shares rise slightly as new loans expected to fall in April

Shanghai composite index

Chinese equities rose slightly Tuesday after media reported new yuan-denominated loans in April would fall to 600 billion yuan (87.85 billion U.S. dollars) from a record high of 1.89 trillion yuan a month earlier.

The benchmark Shanghai Composite Index rose 0.29 percent, or 7.43 points, to close at 2,567.34. The Shenzhen Component Index was up 0.49 percent, or 48.14 points, to 9,947.81.

Gainers outnumbered losers by 645 to 267 in Shanghai and 571 to 194 in Shenzhen.

Combined turnover rose to 231.16 billion yuan from 221.65 billion yuan on the previous trading day.


 

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