Chinese seafood stocks soar on government stimulus announcement

The Shenzen Stock Exchange building
China's stock market surged after Chinese policymakers promised new efforts to stimulate the economy | Photo courtesy of zhu difeng/Shutterstock
4 Min

In the run-up to the week-long National Day holiday commencing on 1 October, Chinese policymakers gave the country’s stock market its best week in a decade. 

Guolian Aquatic saw its share price jump by 15 percent on 30 September as China’s stock market roared back to life on the back of a government announcement of a planned economic stimulus package.

The shares of CNFC Overseas Fishery rose by 7.3 percent on the same day.

Overall, China’s blue-chip CSI 300 index of Shanghai- and Shenzhen-listed companies rose …


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