Chinese stocks rebound on Wednesday

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BEIJING, Nov. 27 (Xinhua) -- Chinese shares ended a four-day decline on Wednesday, led by media, aviation and financial sectors.

The benchmark Shanghai Composite Index moved up 0.82 percent, or 18.00 points, to finish at 2,201.07. The Shenzhen Component Index rose 0.98 percent, or 82.11 points, to close at 8,447.46.

Combined turnover on the two bourses increased to 222.97 billion yuan (36.36 billion U.S. dollars) from 187.65 billion yuan the previous trading day.

A total of 26 stocks rose by their daily limit of 10 percent on Wednesday, and another 112 gained more than 5 percent. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, rose 2.91 percent to close at 1,329.48.

The media sector, with many major stocks listed on the ChiNext board, led Wednesday's rally by edging up 4.75 percent. Among the sector's profit makers, Huayi Brothers Media Corporation rose 10 percent to end at 30.32 yuan per share.

Central bank governor Zhou Xiaochuan on Tuesday said China should increase the qualification and quota for QDII and QFII investors to help them with their activities, as part of a broader financial reform.

The signal lifted performances of major securities companies, driving up the financial sector index by 2.52 percent.

The aviation and space sector, another big gainer, saw its sub-index up 3.77 percent at Wednesday's closing. Beijing-based China Spacesat Co., Ltd. closed 9.98 percent higher at 20.94 yuan per share.

• Chinese stocks up on financial reform prospects
• Chinese stocks rally on upbeat economic data
• Singapore stocks end up 1.04 pct following rise in Wall Street overnight
• Stocks hold steady, but brokers still cautious
• HK stocks end 2.33% higher
• Taiwan stocks close 1.78 pct higher
• Hong Kong shares down 0.05 pct by midday
• Chinese stocks close lower Monday

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