Shanghai stocks closed at a fresh seven-year high on May 22. The Shanghai Composite Index rose over 8% last week to close at 4,657.60. Infrastructure builders were given a boost when the National Development and Reform Commission (NDRC) approved rail projects worth CNY450 billion. Investors were also bullish on the nuclear sector as China plans to have 30 million kilowatt of nuclear power capacity by the end of this year. The index rose further on May 25 as the government announced a plan to seek private capital for projects worth CNY1.97 trillion to help revive sluggish investment. The Shanghai Composite Index was up by 3.35% to close at 4,813.80, posting the biggest single-day rise since January 21, while the Shenzhen market ended 1.9% higher. The two markets saw combined transactions amounting to more than CNY2 trillion. Investors in Shanghai each booked an average profit of CNY156,400 in the January-April period. Beijing took second place with the average gain for each investor at CNY80,200. Nationwide, the average profit generated from the A-share market was CNY14,000. According to iFind’s data, among the 2,547 listed stocks in the A-share market, only 14 saw their share prices fall in the first four months. Some 397 stocks more than doubled their share prices during the period, while 685 stocks soared by more than 80%.