HONG KONG, July 25 China' index of leading
Shanghai and Shenzhen shares posted its biggest weekly gain in
over 10 months on Friday, powered by continued strength in blue
chips which are seen benefiting from a coming stock exchange
connection between Shanghai and Hong Kong.
The CSI300 of the leading Shanghai and Shenzhen
A-share listings climbed 1.1 percent, taking its gains on the
week to 4.5 percent, its best week since September 2013.
The Shanghai Composite Index rose 1 percent to
2,126.61 points, up 3.3 percent for the week, the best since the
week ended April 11.
Both indexes closed at their highest since April 14.
Big state banks were top index boosts in Shanghai, with
Agricultural Bank of China gained 2.1 percent and
Industrial and Commercial Bank of China 1.2 percent.
Huadian Energy surged 9.7 percent.
Its parent company - State-owned China Huadian Corp - has
drawn up a restructuring blueprint as part of efforts to move
all its qualifying assets into its six listed subsidiaries, the
official China Securities Journal reported on Friday.
(Reporting by Grace Li; Editing by Kim Coghill)