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Politics : Formerly About Applied Materials

AMAT 307.20

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Jan 12 3:59 PM EST

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To: StanX Long who wrote (56423)	11/28/2001 3:25:31 AM
From: StanX Long	Read Replies (1) of 70976

Wednesday November 28, 3:32 PM China shares end up, boosted by brokerage reforms sg.biz.yahoo.com SHANGHAI, Nov 28 (Reuters) - China's stock markets closed higher on Wednesday as trading volumes leapt after the government granted the country's floundering brokerages easier access to fresh capital. The Shanghai B share index <.SSEB> edged up 0.65 percent to end at 160.048 points as turnover more than doubled to $45.89 million, although that was still fairly sluggish. The Shenzhen's index <.SZSB> rose 1.28 percent to 256.72 on turnover of HK$215.36 million, up 124 percent from Tuesday. Securities market regulators announced on Wednesday they had lifted restrictions on China's 100-odd domestic brokerages, giving them free rein to raise funds and increase their share capital base. The policy helped lift domestic A shares of Hongyuan Securities <000562.SZ>, China's only domestically listed brokerage, up more than four percent. A shares are off limits to foreigners. Domestic A shares closed up about one percent as investors expected easier fundraising by brokerages to help improve market liquidity, brokers said. Hard currency B shares are available to foreign investors. Hong Kong report [.HK]

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