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• Market exchange rates in China -- March 13  • Chinese yuan strengthens to 6.1588 against USD Friday  • Gold price opens lower in Hong Kong  • Hong Kong stocks opens higher  • Tokyo shares open sharply higher on overnight U.S. gains  • Dollar changes hands at lower 121 yen level in early Tokyo deals  • Old Australian rivalry heats up over Formula 1  • Brazil to play friendlies against Mexico, Honduras  • News Analysis: Clinton's email controversy could fade, despite unanswered questions  • Xinhua world news summary at 0030 GMT, March 13  
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China stocks open higher Friday

Xinhua, March 13, 2015 Adjust font size:

Chinese stocks opened higher on Friday after the central bank governor provided words of support to the country's stock market.

The benchmark Shanghai Composite Index move up 0.30 percent to open at 3,359.49. The Shenzhen Component Index opened at 11,680.47, up 0.39 percent.

The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, opened 0.13 percent higher at 2,020.66 points.

China's central bank governor Zhou Xiaochuan said at a press conference on Thursday afternoon that there is a view that credit capital should not flow into the stock market, arguing that it is not supporting the real economic activities, he did not agree with the view.

"In China, businesses from many industries are getting financed through the stock market," Zhou said. But he also warned there are some financial market speculations unrelated to the real economy. Endi