Chinese Shares Mixed As Investors Expect Economic Measures in Two Key Meetings

MT Newswires Live12-04

China's shares were mixed as investors await policy guidance from key government meetings before the year ends.

The Shanghai Composite Index, the main gauge of Chinese stocks, marginally declined to finish Thursday's trade at 3,875.79. The Shenzhen Component Index added 0.4%, or 51.46 points, to 13,006.72.

Beijing is expected to announce economic data and growth targets at the Central Economic Work Conference and Politburo at the end of the year.

In corporate news, Zhejiang Jinggong Integration Technology (SHE:002006) slumped 5% despite winning the bid for the Wuhan Qingshan High-Performance Carbon Fiber Production Base Project for 729 million yuan.

Zhejiang RIFA Precision Machinery's (SHE:002520) soared 10% after its unit Rifeng Precision Machinery (Hong Kong), plans to offload its subsidiary, Machining Centers Manufacturing.

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