China Stocks Jump on Hopes Xi Will Announce Reforms in Shenzhen

(Bloomberg) — China stocks climbed on optimism before President Xi Jinping’s address in the southern city of Shenzhen this week.The Hang Seng China Enterprises Index rose 2.7% at the close, the most since July 6. Xiaomi Corp. surged 8.4% to lead gains, while Industrial & Commercial Bank of China Ltd. jumped the most in three years. The CSI 300 Index rose 3% as it trades near a five-year high.Xi is expected to shore up plans to make southern China a global technology hub during the trip. He is scheduled to deliver an address on Wednesday, the official Xinhua News Agency …read more

Source:: Yahoo Finance

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