Chinese share prices continue to hit record high

    BEIJING, Aug. 21 (Xinhua) -- Chinese share prices continued an upward trend on Tuesday as the benchmark Shanghai Composite Index went up 1.02 percent, or 50.35 points, to 4,955.20.

    The major index reached 4,982.98 points in the afternoon session and then dropped. The Shenzhen Component Index climbed 1.62 percent or 270.17 points to close at 16,859.9 points.

    Security stocks and banks led the advance. The Citic Bank rose 4.67 percent to stand at 11.42 yuan per share. The Minsheng Bank jumped 5.37 percent to close at 16.29 yuan per share.

    The combined turnover of the two bourses expanded to 245.68 billion yuan ( 32.45 billion U.S. dollars) from 219.8 billion yuan on Monday.