Pursuits
Most China Stocks Rise as Consumer Gains Overshadow Banks
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Most Chinese stocks rose as flat-panel television maker Hisense Electric Co. led appliance stocks higher after reporting a jump in profit. Banks declined on concern lending growth will slow.
Liquor maker Kweichow Moutai Co. advanced to a one-month high higher before the release of first-quarter earnings today. Hisense surged 7 percent after first-quarter profit climbed 56 percent. Hangzhou Hikvision Digital Technology Co. jumped 2.4 percent after Fortune CLSA Securities Ltd. said the company was a top pick, along with Moutai. China Minsheng Banking Corp. slid 2.8 percent as the China Securities Journal said new lending may drop to 800 billion yuan ($129.4 billion) this month.