China Stocks Rise to Three-Year High as Brokerages, SAIC Advance
This article is for subscribers only.
China’s benchmark stock index rose to a three-year high as brokerages extended gains before the start of a trading link and Shanghai-based companies rallied on prospects for state-owned enterprise reform.
Citic Securities Co. and Haitong Securities Co., the nation’s biggest brokerages, jumped at least 5.9 percent. Shanghai Lujiazui Finance & Trade Zone Development Co. surged 10 percent. SAIC Motor Corp. climbed to a two-month high after Shenyin & Wanguo Securities Co. recommended the shares.