Chinese stocks closed higher for the third consecutive day on Thursday, with the benchmark Shanghai Composite Index up 1.16 percent to 3,223.64 points.
The Shenzhen Component Index closed 2.25 percent higher at 9,754.64 points.
Meanwhile, the Beijing Stock Exchange (BSE) 50 Index surged 4.86 percent to reach 1,265.35 points.
The ChiNext Index and the STAR Market Composite Index also climbed by 2.27 percent and 2.06 percent, respectively.
Overall, stocks demonstrated a general upward trend on Thursday, with more than 4,900 closing higher.
This increase is widely attributed to a rise in the number of A-share listed companies announcing share buyback or stake-increase plans.
As of 19:00 on Tuesday, over 235 A-share listed companies had issued announcements regarding their share repurchase and increased holding plans, including major firms such as PetroChina, Sinopec, China National Nuclear Corporation (CNNC), Everbright Group and CATL.
Chinese shares close higher for 3rd consecutive day on Thursday
Chinese shares close higher for 3rd consecutive day on Thursday
South Korean President Lee Jae Myung said on Wednesday that Seoul firmly adheres to the one-China principle, in comments made ahead of his upcoming state visit to China.
The remarks were made in an interview with China Media Group (CMG). The visit is scheduled for Jan 4–7.
"The consensus reached between governments of the Republic of Korea and China when diplomatic relations were established continues to be the fundamental principle governing our relations, and its effectiveness remains steadfast. I want to clearly state that the ROK has always adhered to the one-China principle. Maintaining peace and stability in regional matters, including in Northeast Asia and concerning the Taiwan issue, holds significant importance to us," said Lee.
"The foundational relationship between the ROK and China was established on a very principled and fundamental basis from the beginning. It is clear that the ROK government has always adhered to this position and has never wavered from it. I believe that the sound development of ROK-China relations depends on both sides fully respecting each other's core interests and being mutually tolerant of each other's positions. In this context, we will, as always, uphold the one-China principle as the Taiwan issue is China's most fundamental concern," he said.
ROK president reiterates firm adherence to one-China principle
