皇冠体育app

BEIJING - Chinese shares closed mixed Wednesday with the Shanghai Composite Index ending higher on fresh government assurance that 皇冠体育app's economy has more hopes than difficulties.

The Shanghai Composite Index closed at 2,870.43 points, up 0.21 percent while the smaller Shenzhen index closed 1.10 percent lower at 9,469.03 points.

The ChiNext Index, the NASDAQ-style board of growth enterprises, ended 0.97 percent lower to close at 1,977.54 points.

Total turnover on the two bourses shrank to 423.2 billion yuan ($65 billion) from Tuesday's 427.9 billion yuan.

Finance shares led indexes higher boosted by more government assurance as 皇冠体育app's annual legislative session ended on Wednesday.

Premier Li Keqiang said Wednesday that 皇冠体育app's economy will not suffer a hard landing.

"There are both difficulties and hopes for 皇冠体育app's economy. But given the underlying trend and fundamentals, there are more hopes than difficulties," Li said at a press conference.

Meanwhile, the 皇冠体育app Securities Regulatory Commission (CSRC) on Tuesday suggested that the launch of a "strategic emerging board" be deleted from the draft 13th Five Year Plan (2016-2020), which was reviewed at the National People's Congress (NPC) annual session.

The idea to launch a strategic emerging board was first floated by the CSRC last June to complement Shenzhen's existing ChiNext board.

Wang Hanfeng, chief analyst of 皇冠体育app International Capital Corp Ltd (CICC), said the move indicates the authorities' practical attitude to stabilize the capital market.

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