Off the wire
• China releases revised regulation on improving education for disabled  • China to step up property tax legislation: official  • China's central SOEs cut 2,730 subsidiary legal entities  • 2nd LD Writethru: 8 killed in Lahore explosion, officials deny second blast  • Indian Foreign Secretary visits Bangladesh  • Vietnam's seafood shipments to have e-certificates  • Top seeds to face challenges in first round of CBA playoffs  • IMF to offer funds to support Benin's economic development  • Vietnam reports some 30,000 malaria cases each year  • Overseas online booking companies required to pay added tax in Vietnam  
You are here: 　 Home

1st LD-Writethru: Chinese shares fall on profit-taking

Xinhua, February 23, 2017 Adjust font size:

Chinese stocks ended a three-session winning streak to close lower on Thursday after investors retreated from a previous rally.

The benchmark Shanghai Composite Index was down 0.3 percent at 3,251.38 points, while the smaller Shenzhen index closed 0.11 percent lower at 10,432.64 points.

The ChiNext Index, China's NASDAQ-style board of growth enterprises, gained 0.31 percent to close at 1,925.95 points.

Combined turnover increased to about 514 billion yuan (about 74.8 billion U.S. dollars) on Thursday from 502.2 billion yuan the previous trading day.

Cement and real estate sectors led Thursday's fall, down 3.79 percent and 0.55 percent, respectively.

Henan Tongli Cement plunged by the 10-percent daily trade limit to close at 26.37 yuan, while Beijing Urban Construction Investment & Development slipped 1.81 percent to close at 14.14 yuan.

An official said on Thursday that China will speed up legislation on the long-discussed property tax.

"It is a major task in China's tax reform determined by policymakers, and the lawmaking process will be accelerated," Lu Kehua, vice minister of housing and urban-rural development, said at a press conference. Endi