China Market ends at new high in two years

The Mainland China equity market finished session at its highest level in more than two years on Tuesday, 23 January 2018, as risk sentiments underpinned after International Monetary Fund raised its forecast for China's economic growth in 2018. The rally in the Mainland market gathered further steam after the People's Bank of China again injected a net liquidity of 170 billion yuan into the financial market via reverse repurchase agreements. The benchmark Shanghai Composite Index jumped 1.29% to 3,546.5 points, its highest level since December 31, 2015. The CSI 300 Index of big-cap shares added 1.1%. The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, lost 0.02% to end at 1,767.83 points Tuesday.

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