BEIJING — China’s benchmark Shanghai Composite Index surged more than 3 percent on the morning of Oct 22, as market confidence was boosted by the comments of Vice-Premier Liu He on the stock market.
By 10:15 am, the index had reached as high as 2,639.49 point, up 3.49 percent from previous close.
The Shenzhen Component Index also saw strong performance, reaching as high as 7,685.58 point, up by more than 4 percent from previous close.
On Oct 19, Liu answered questions from domestic media about economic and financial hot issues, underlining the resilience and prospect of the Chinese economy.
Previous corrections and sell-offs on the stock market created good investment opportunities for the long-term and healthy development of the stock market, Liu said.