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Shenzhen steals a march on Shanghai market

The Shenzhen Composite Index beat the Shanghai Composite Index by 13 percentage points in the biggest outperformance since 2008

BULLISH ON NEW ECONOMY STOCKS: The Shenzhen Composite rallied 389 per cent during the past decade, compared to a 147 per cent gain for its Shanghai counterpart, which deals more in old economy stocks. With Premier Li Keqiang's blessing for a Shenzhen-Hong Kong connect, the city, with its emerging industry stocks, may be poised to start a bull run.

JUST as Shanghai was starting to enjoy the title of favourite destination for Chinese stock investors, the nation's smaller bourse in Shenzhen is stealing it back.

The Shenzhen Composite Index of companies traded in the Southern Chinese city has climbed 6.2 per cent during the past month