Shanghai Composite rises 0.66%

Mainland China share market closed higher on Monday, 20 October 2014, amid speculation the central government is accelerating measures to support economic growth. The benchmark Shanghai Composite index rose 15.54 points, or 0.66%, to finish at 2356.73. The People's Bank of China is said to plan the injection of about 200 billion yuan ($32.7 billion) into some national and regional lenders. Bank of America Corp. said the move is equal to a 20 basis-point cut in reserve-requirement ratios. The liquidity injection came before today's start of a Communist Party meeting and tomorrow's gross domestic product data.

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