Chinese Stocks Rise With Hong Kong Equities as Date Fixed
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Stocks in China and Hong Kong rose after regulators said the exchange link between the city and Shanghai will start in a week, while the yuan strengthened.
Hong Kong Exchanges & Clearing Ltd. climbed 4.6 percent, its biggest advance since April. Lenovo Group Ltd. paced gains by Chinese companies in Hong Kong that don’t have a mainland listing. China State Construction Engineering Corp. surged 10 percent in Shanghai after the government approved $113 billion on building projects and President Xi Jinping pledged to boost spending on regional transport links. The yuan climbed versus the dollar after the central bank raised its reference rate by the most since June 2010.