China Market rises after PBOC cuts borrowing costs

The Mainland China stock market finished session in positive territory on Friday, 20 November 2015, following news that the People's Bank of China will further slash interest rates on the loans it gives to banks. But gains were limited amid caution ahead of upcoming new share sales. The Shanghai Composite Index advanced 0.37%, or 13.44 points, to close at 3630.50 points. The Shenzhen Composite Index, which tracks stocks on China's second exchange, grew 1.27%, or 28.62 points, to close at 2285.83. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, was up 1.06%, or 29.40 points, to close at 2800.15.

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