China International Travel Service Corp. rose to the highest in more than seven months in Shanghai trading after the government said it will give financial support to tourism companies.
The stock rose 1.6 percent to 22.28 yuan as of 9:32 a.m. local time, heading for the highest close since Oct. 15.
The government will offer support to help tourism companies sell bonds and shares to raise funds, according to a statement from the State Council on a government website.
News Source: Bloomberg
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