China Stocks Rise Most in Seven Weeks on Market Measures

Chinese stocks rose, sending the Shanghai Composite Index to its biggest advance in seven weeks, on speculation the government will take steps to bolster equities. Financial and commodity companies led gains.

Citic Securities Co. and Haitong Securities Co., the largest-listed Chinese brokerages, climbed at least 3 percent in Hong Kong and Shanghai after the State Council said it will deepen reforms of the nation’s capital markets including relaxing limits on foreign investment in listed companies. Yanzhou Coal Mining Co. surged 10 percent and Jiangxi Copper Co. jumped 6.8 percent. The rally for energy and metal shares pared losses for the worst-performing industry groups in the past year. Tencent Holdings Ltd. climbed 5.3 percent in Hong Kong.