Stock exchanges bounce back, led by reform-related companies

Stock exchanges in the Chinese mainland rebounded Thursday, led by fast-growing enterprises and reform-related stocks.

The benchmark Shanghai Composite Index rose by 12.56 points or 0.60 percent to 2,100.51 on Thursday while the Shenzhen Component Index edged up 45.54 points or 0.56 percent to 8,156.54 points.

Combined turnover on the two bourses on Thursday was 158.6 billion yuan ($26.03 billion), slightly up from Wednesday's 150.6 billion yuan.

On Thursday, shares linked to security and surveillance kept rising following their gains in the previous trading session, with nine stocks rising by the daily limit of 10 percent.

Information security firm Bluedon Information Security Tech Co and security products manufacturer Shenzhen Infinova Ltd, both of which climbed by the 10 percent limit Wednesday, rose by 10 percent again Thursday, to 14.74 yuan and 13.19 yuan, respectively.

China will set up a State Security Committee, according to a communiqué published after the conclusion Tuesday of the Third Plenary Session of the 18th Communist Party of China Central Committee.

Stocks related to land reform and cultural sectors also rose Thursday following gains in the previous trading session. Shares in Shanghai Xinhua Media Co rose 8.53 percent to 48.46 yuan while Huayi Brothers Media Co rose by 9.70 percent to 25.44 yuan.

However, shares in banks and liquor makers were less successful. Industrial Bank Co declined by 2.47 percent to 10.64 yuan, while Shanghai Pudong Development Bank Co fell by 1.55 percent to 9.49 yuan.

ChiNext, China's NASDAQ-style board for high-tech and fast-growing start-ups listed in Shenzhen, rose by 37.59 points or 3.10 percent to 1,249.67 points at close of trading Thursday. Shares in 16 out of 350 companies listed on ChiNext bounced up by the 10 percent daily limit on Thursday.