China stocks extend gain after FDI data, new loan figures

Mainland China share market closed higher on Monday, 16 February 2015, registering sixth consecutive session on advance, after official data indicating China's foreign direct investment surged in January. The market also drew support from, surge in broadest measure of new credit in January and liquidity unlocking from last week's initial public offering. The Shanghai Composite Index climbed 0.6% to 3,222.36. The Ministry of Commerce said on Monday that China attracted $13.92 billion of foreign direct investment in January, up 29.4% from a year earlier. The figure was above December's $13.32 billion, which was 10.3% higher than a year earlier. Chinese investments overseas reached $10.17 billion in the first month of the year, up 40.6% from a year ago. The People's Bank of China said on Friday, 13 February 2015, that aggregate financing was 2.05 trillion yuan ($328 billion) in January 2015. New yuan lending by banks totaled 1.47 trillion yuan, up from 697.3 billion in December 2014.

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