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China A-shares close higher on blue chips; Shanghai index at 6-mth high UPDATE.

Asia Africa Intelligence Wire

| January 05, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Xinhua Financial News - China Focus)

(Updating to add analyst comments, share prices) SHANGHAI (XFN) - A-shares in Shanghai and Shenzhen closed sharply higher amid heavy trading, with the Shanghai A-share index at a six-month high, on active buying interest in index heavyweights on the back of a solid rally of H-shares in Hong Kong last Friday, dealers said. The market also appeared unfazed by news that China Southern Securities Co, the fifth largest brokerage in China based on its registered capital, was seized by the government over the weekend, allegedly due to mismanagement and financial irregularities, they added. The benchmark Shanghai Composite Index, …

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