HONG KONG, July 10 China shares were limp on
Thursday after June export data came in weaker than expected,
but the power sector outperformed after a report said a draft
plan for reforming the country's power had been drawn up.
The Shanghai Composite Index closed flat at 2,038.34
points. The CSI300 of the leading Shanghai and
Shenzhen A-share listings inched down 0.3 percent.
Huadian Power climbed 4 percent, while Huaneng
Power 0.7 percent. Some smaller names in the sector
jumped the maximum allowed 10 percent.
Shanghai Securities News reported on Thursday a draft on
electric power system reforms had been completed, which would
encourage more private capital in power distribution.
Bank of China was the biggest index drag in
Shanghai, sinking 0.8 percent.
Late on Wednesday, the country's fourth-largest lender
denied a state TV report alleging some branches had helped
clients launder money to take out of China, saying these
branches were involved in a legitimate programme to move capital
(Reporting by Grace Li; Editing by Richard Borsuk)