Economics
China Stocks Rise Most in 3 Months on Loan, Money Data
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China’s stocks rose the most in three months after new lending and money supply exceeded estimates in December, boosting speculation the government is relaxing monetary policies to bolster economic growth.
China Merchants Bank Co. and China Construction Bank Corp. led gains for lenders after money supply grew at the fastest pace since July. China Shenhua Energy Co., the nation’s largest coal producer, advanced the most in 10 months on expectations new loan growth will boost demand for commodities. Anhui Conch Cement Co. climbed 5.6 percent after the Xinhua News Agency said the banking regulator will ensure demand for loans for the construction of affordable housing.