ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Investors look at stock information at a brokerage house in Shanghai.   © Reuters
Forex

Shanghai stocks soar, yuan remains firm with government support

All-out effort in force to keep markets stable for Communist Party congress

YUSHO CHO, Nikkei staff writer | China

SHANGHAI -- Chinese authorities are pulling out all the stops to keep the financial markets stable ahead of the all-important Communist Party meeting that starts Wednesday.

The Shanghai Composite Index closed Friday at 3,390, a 22-month high. Kweichow Moutai, a major Chinese producer of premium baijiu spirits, hit an all-time record. And expectations that President Xi Jinping will step up environmental measures, an area he has focused on, led to buying of companies involved in water treatment and other green businesses.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more