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A-Shares Down On Shenzhen Development Bank Financing Rumors
000001.SZ, Shenzhen Development Bank, macro
Posted by: Li Jun on Mar 04, 2008 | 17:03
Editorial Summary
The Shanghai Composite Index fell 2.32 percent on Tuesday to close at 4,335.4, while the Shenzhen Composite Index decreased 1.57 percent to close at 1,388.5. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB135.9 billion and RMB65.6 billion, respectively.
Shares of Shenzhen Development Bank (000001.SZ) fell 9.85 percent to close at RMB29.75 on Tuesday, after market speculation that the bank is looking for a RMB50 billion re-financing.
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