There was a good day today as Chinese shares jumped up 5% due to the stableness in August of the state owned banks. The Shanghai Composite Index finally closed at 2,845.02 which was a rise of 130.05 points.

And there was also big rises for other markets too, as the financials and real estate markets saw growth as well. Two major real estate companies saw rises of 9.9% and 8.6%. There was also growth in the refinery market too as China’s largest refiner, Sinopec, gained 5% and closed at 11.88 yuan.

It has been reported that the lending of the 4 largest banks was higher than expected when they totalled 160 billion yuan (which is $23.4 billion). The currency dealings are also on the up with a close of 6.8308.

So with a current stable financial economy, China seems to be a welcome place for investors to increase their profits. Read the full story from here.