China's agriculture firms rise on govt support for rural economy

Foshan Haitian Flavouring and Food Co

01/11/2018 06:08

** Shares in China's agriculture firms climb, as Beijing
vows more policy support for the rural economy amid the
country's economic slowdown
    ** Leading the rally, shares of animal feed maker Tongwei Co
Ltd  600438.SS  rise as much as 5 pct to a one-month high 
    ** Seasonings producers Jonjee Hi-tech Industrial and
Commercial Holding Co Ltd  600872.SS , Foshan Haitian Flavouring
 603288.SS  and dairy firm Inner Mongolia Yili  600887.SS  up
2-5 pct 
    ** An index tracking major agriculture firms  .CSI000949 
climbs 1.8 pct at one point 
    ** China will step up monetary policy support for rural
areas and encourage local firms to raise funds in the capital
markets, said a central bank vice governor, pledging Beijing
will help ensure that funds reach the rural economy  urn:newsml:reuters.com:*:nL3N1XC1VV
    

 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))