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Chinese shares open higher on Thursday
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10:35, September 03, 2009

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Chinese equities continued the upward trend of the previous two consecutive trading days and opened higher on Thursday morning with the benchmark Shanghai Composite Index gaining 0.27percent, or 7.33 points, to open at 2,722.31.

The Shenzhen Component Index advanced 0.31 percent, or 33.8 points, to open at 10,772.76.

The Industrial and Commercial Bank of China (ICBC), China's largest lender, opened at 4.66 yuan (68 U.S. cents) per share, up 2.19 percent. Yang Kaisheng, ICBC' s President, said Wednesday that the bank extended 38.1 billion yuan of new loans in August.


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