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SHANGHAI stocks rose yesterday as state-owned enterprises surged over reports that China will announce a new round of reforms to overhaul the SOEs.
The Shanghai Composite Index gained 0.88 percent to 2,929 points at close, recovering from a 1 percent loss in afternoon trade.
China will unveil 10 measures today to push forward its SOE reform plans, 21st Century Business Herald reported yesterday, citing sources from the State-owned Assets Supervision and Administration Commission.
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