Chinese Stocks Rise After GDP Report as Brokers Rally

China’s stocks rose, extending last week’s gains, after the nation’s economy grew in line with analysts’ forecasts and the government widened foreign investor access to its markets.

Citic Securities Co. and Haitong Securities Co. climbed 4 percent after regulators almost doubled qualified foreign institutional investment quotas to $150 billion. Chongqing Changan Automobile Co. jumped 1.9 percent after profit more than doubled. China’s economy grew 7.5 percent in the second quarter, easing concerns that growth would fall below official forecasts after Finance Minister Lou Jiwei said last week that 6.5 percent expansion wouldn’t be a “big problem.”