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China export value continued higher by 4.7% yearly in November, but missing estimates for 8%. Meanwhile, the export value fell 6.7% yearly, intensifying hopes for reduced RRR in near term. 

Shanghai Composite Index and Shenzhen Component Index closed the day at 3020 and 10554, up 2.8% and up 4.8%, on turnover of RMB593.4 billion and RMB387.5 billion, respectively. 

Brokers soared on back of high market turnover. CITIC Securities (600030.SH) and Haitong Securities (600030.SH) were caped for further growth at RMB25.5 and RMB19.72, respectively. Meanwhile, the four major insurers gained 3.7%-9.6%. Ping An Insurance (601318.SH) closed at RMB64.83, hitting a new high. Meanwhile, China Construction Bank (601939.SH) continued higher by 7.2% to the new high RMB6.11.

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