HONG KONG Jan 22 China shares extended a
rebound from six-month lows on Wednesday, outshining most other
Asian markets, as cash rates in the mainland eased further after
the Chinese central bank offered funds earlier this week to ease
a cash squeeze.
At 0255 GMT, the CSI300 of the largest Shanghai
and Shenzhen A-share listings was up 2.2 percent at 2,235.1
points -- its highest intra-day level in two weeks.
It had ended on Monday at its lowest since July 9.
The Shanghai Composite Index rose 1.8 percent. The
China Enterprises Index of the leading offshore listings
in Hong Kong was up 0.9 percent, while the Hang Seng Index
gained 0.3 percent.
China's money markets again fell on Wednesday after the
People's Bank of China dumped more than 255 billion yuan ($42
billion) into the financial system on Monday and Tuesday, easing
concerns that another credit crunch was underway less than a
month after a late December squeeze.