China’s Stocks Rise to Highest in Four Months, Led by Brokerages

China’s stocks rose, sending the benchmark index to the highest level in four months, as brokerages rallied on speculation financial industry reforms and economic growth will boost profit.

Citic Securities Co. climbed 2 percent, extending gains to 12 percent over the past week, after the China Securities Journal reported the government may let foreign funds trade stock-index futures. Real-estate shares advanced for the first time in four days, extending the biggest gains among industry groups in the Shanghai Composite Index this year. Huaxia Bank Co. led a slide for lenders after Bank of Communications Co. said banks may report slowing profit growth next year.