Chinese share prices surged 4.16 percent Thursday amid news reports that the country's corporate income tax law, which will come into effect in January, will reduce tax burdens on listed firms.
Major oil and banking stocks showed signs of recovering from losses of recent days that have taken the market to new three-month lows.
The benchmark Shanghai Composite Index, which covers both A and B shares traded on the Shanghai Stock Exchange, rose 199.94 points to 5,003.33 points.
The Shenzhen Component Index was up 560.12 points, or 3.65 percent to close at 15919.28 points.
Source:Xinhua
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