China Stocks Rise Most in 3 Weeks
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China’s stocks rose the most in three weeks, led by financial and commodity companies, on speculation the government will take steps to bolster equities.
Citic Securities Co. and Haitong Securities Co. climbed at least 3 percent after the regulator said it may allow more securities companies to conduct asset-backed securities businesses and China National Radio reported the government is studying allowing the housing provident fund to invest in equities. Jiangxi Copper Co. led gains for metal producers as industrial metals advanced. Yunnan Baiyao Group Co. paced declines among drug companies after a gauge of health-care stocks had the biggest gain among industry groups this year.