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Shanghai soars 2.9%, with chatter about plans for speeding up the "urbanization" process coming...
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Wednesday, December 5, 2012, 7:14 AM ETShanghai soars 2.9%, with chatter about plans for speeding up the "urbanization" process coming out of a Poiltburo meeting as good an excuse as any for the big move. Industrial firms (CHII) lead, including Sany Heavy Industry +10% and Anhui Conch Cement +4.8%. Financials shares (CHIX) had a big move after Beijing eliminates a rule limiting investment in banks by insurers.
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