Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

China Stocks Extend Weekly Gain as Rail, Bank Shares Gain

April 20 (Bloomberg) -- China’s stocks rose, extending the benchmark index’s gains to a third week, on speculation the government will increase fiscal spending on infrastructure and ease monetary policy to bolster economic growth.

Rail car makers CSR Corp. and China CNR China Corp. jumped more than 3 percent after the China Securities Journal reported railway spending may exceed government targets. Industrial Bank Co. paced gains for lenders after the same newspaper reported that a cut in lenders’ reserve-requirement ratios may be a first option as the government eases monetary policy.

The Shanghai Composite Index rose 0.3 percent to 2,385.57 at 9:49 a.m. local time. The CSI 300 Index added 0.4 percent to 2,607.51, led by industrial and financial companies.

“Investors are quite conflicted now,” said Zhang Han, a strategist at Guotai Junan Securities Co. “The good news is there are expectations for a reserve-requirement ratio cut this weekend after all the noise the entire week. Despite that, company earnings are not fantastic, in line with the slowing world economy.”

To contact the editor responsible for this story: Allen Wan at awan3@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.