Editorial Summary

The Shanghai Composite Index increased 1.69 percent to close at 3,471.7 on April 10, while the Shenzhen Composite Index raised 2.19 percent to close at 1,067.04. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 59.70 billion and RMB 32.4 billion, respectively.

Shares of Haitong Securities (6000837.SH) and Industrial and Commercial Bank of China (ICBC) (601398.SH, 1398.HK) increased 9.98 percent and 2.83 percent on Thursday, respectively. ICBC announced on April 10 that it estimates first quarter net profit increases more than 50 percent year-on-year. Haitong Securities reported first quarter net profit of RMB 897.89 million, up 26.29 percent year-on-year.

Shares of China Shenhua Energy Company Limited (601088.SH, 1088.HK) and China Coal Energy Company Limited (601898.SH) increased 3.28 percent and 6.8 percent on Thursday, respectively. Shenhua Energy's parent company Shenhua Group Corporation Limited plans to inject assets worth RMB 11 billion into Shenhua Energy, reports Guangzhou Daily quoting many insiders.