China Brokerage Stocks Surge on Optimism Over Crypto-Trading

Chinese brokerage stocks posted their biggest jump in nearly nine months on growing optimism that more firms may get crypto-trading licenses.

A Bloomberg Intelligence gauge of brokerage shares listed in Hong Kong surged as much as 15%, the most since October 18. Central China Securities Co. rallied as much as 75%, while Guolian Minsheng Securities Co. rose as much as 46%.