Mainland China stock market closed higher for third day in row on Thursday, 04 August 2016, as the People's Bank of China reiterated that it will continue with its prudent monetary policy and keep the yuan exchange rate stable at a reasonable and balanced level. Market sentiments were also encouraged by government pledge of development of advanced industries, including green energy and intelligent manufacturing while continuing SOE reform and cutting excess capacity. The CSI300 index of the largest listed companies in Shanghai and Shenzhen gained 0.24%, to 3201.29, while the Shanghai Composite Index inclined 0.13%, to 2982.43 points and the Shenzhen Composite index closed 0.73% higher at 1948.91 points.
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