China: new economic zone to boost cement companies' shares
When the Shanghai stock market opens on Wednesday next week it is expected to see cement company shares rocket on the back of the announcement of a new Chinese economic zone outside Beijing at Xiongan New Area.
The special economic zone will be three-times the size of New York with apartments and wetlands in northern Hebei province. The zone will be 100km southwest of Beijing and will cover 2000km2 and will be similar to the economic ones in Shenzhen and Shanghai.
Queues of potential house buyers formed quickly outside of estate offices and BBMG’s shares on the Hong Kong stock exchange have already risen by 45 per cent of this development news.
Anhui Conch’s shares are expected to shoot up when the markets open again next week.
