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4 years ago
China shares have best day in two months, led by mid-sized banks
March 20, 2013 / 7:10 AM / 4 years ago

China shares have best day in two months, led by mid-sized banks

HONG KONG, March 20 (Reuters) - China shares posted their best showing in more than two months on Wednesday, helped by strong gains for mid-sized banks after local media reported that the banking regulator may scrap a deposit target, potentially freeing up more capital.

The CSI300 of the leading Shanghai and Shenzhen A-share listings closed up 3.4 percent at 2,610.2. The Shanghai Composite Index climbed 2.7 percent. This was their respective best day since Jan. 14. (Reporting by Clement Tan; Editing by Richard Borsuk)

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