China’s Stocks Rise Most in Month Amid SOE Merger Speculation

China’s stocks rallied for their biggest gain in a month amid speculation the government will accelerate mergers of state-owned enterprises to bolster economic growth.

The Shanghai Composite Index jumped 4.9 percent to 3,928.42 at the close, led by industrial, energy and telecom companies. China Shipbuilding Industry Co., China Coal Energy Co. and China United Network Communications Ltd. all surged by the 10 percent daily limit. China is considering combining China Shipping Group and Cosco Group, its two major shipping companies, according to people familiar with the matter.