Shanghai Composite ends higher as China steps up supervision of overseas-listed firms

2021-07-07 13:41:44

SHANGHAI: China shares closed higher on Wednesday, helped by robust strength in Shenzhen’s start-up board ChiNext and Shanghai’s tech-focused STAR Market, after Beijing stepped up supervision of Chinese firms listed overseas. At the close, the Shanghai Composite index was up 0.66% at 3,553.72 and the blue-chip CSI300 index was up 1.13%.

Leading the gains, the sub-index tracking new-energy vehicle makers and suppliers jumped 5.77%, the rare earth sub-index surged 5.01% and the healthcare sub-index rose 2.54%.

The

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