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China shares up solidly at midday

China shares up solidly at middaySHANGHAI: Chinese shares rose 1.31 percent Thursday morning following media reports that the state-backed China Securities Finance Corp., tasked with restoring stability to the market, has denied reducing its holdings in listed companies.

The Shanghai Composite Index gained 52.85 points to 4,078.90.

The Shenzhen Composite Index, which tracks stocks on China’s second exchange, added 1.50 percent, or 34.21 points, to 2,322.19.

Copyright AFP (Agence France-Presse), 2015

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