Mainland China stock market closed higher on Wednesday, 06 July 2016, after wavering between positive and negative territory throughout the session. The gain was credited to the People's Bank of China statement that it would continue to implement a prudent monetary policy and reasonable growth in credit and social financing. Total 7 out of 10 SSE sectoral indices advanced, with materials issue being top gainer, followed by consumer staples and healthcare issues being top gainers, while industrials and financials issues were notable decliners. The CSI300 index of the largest listed companies in Shanghai and Shenzhen grew 0.29%, to 3216.80, while the Shanghai Composite Index rose 0.36%, to 3017.29 points.
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