Nuclear power stocks surge after Premier Li compliments Hualong One

Source:Global Times Published: 2017/5/26 15:48:39

Nuclear power stocks surged on Friday morning after Chinese Premier Li Keqiang gave high praise to the country's third-generation nuclear reactor Hualong One.

Li called Hualong One a "landmark project" in the Made in China 2025 plan, China's government website noted on Friday.

He also said that this work has significant meaning, and that absolute safety should be guaranteed for both the construction and management of nuclear power plants.

In the morning session on Friday, shares of China Nuclear E&C Group surged by 6.51 percent. Shares of the CNNC SUFA Technology Industry Co also grew by 4.03 percent.

According to Li, innovative resources should be gathered on the basis of the Internet Plus initiative as well as the numerous entrepreneurship platforms to enhance the standard of research and manufacturing of nuclear power.

He also noted that China should actively participate in the international market and strive to create a world class nuclear power brand.

On Thursday, the dome was lifted on the Unit 5 nuclear power of the Hualong One  in Fuqing, East China's Fujian Province.

The construction of Hualong One, whose intellectual property is entirely owned by China, started in Fuqing in May 2015.

Apart from China, only three countries - the US, Russia and France - own technologies of the third-generation nuclear power, according to the Xinhua News Agency on Thursday.

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