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China H-Shares Enter Bull Market on Stimulus Wagers

Chinese stocks gained, lifting a gauge of mainland companies in Hong Kong more than 20 percent from this year’s low, as government stimulus boosted investor confidence in the world’s second-largest economy.

The Hang Seng China Enterprises Index, also known as the H-share index, rose 0.7 percent to 11,072.62 at the close in Hong Kong, entering a bull market after surging from an eight-month low on March 20. PetroChina Co., the nation’s largest energy company, and Industrial & Commercial Bank of China Ltd., the top lender by market value, rallied during the period as the government pledged to open state-run industries to private capital.