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Shanghai bourse's 29-month high bolstered by government help

Beijing seeks to dispel fears about capital flight in wake of Hong Kong crackdown

Beijing has been encouraging major companies to list at home and for investors to buy.   © Reuters

SHANGHAI -- The key index for Shanghai stocks touched a 29-month high on Tuesday, following efforts by the Chinese government to stabilize financial markets and quell smoldering concerns about capital flight after Beijing imposed new security legislation on Hong Kong.

Moves to encourage a roster of major domestic corporations to list at home are adding to investor excitement, as is government cheerleading.

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