China’s stocks rose
for a seventh day, sending the benchmark index toward its longest
stretch of gains since May, after policy makers loosened controls on
margin lending.
The Shanghai Composite
Index climbed 0.8 percent, led by brokerages and technology companies.
China Securities Finance Corp., the state-backed agency that provides
funding to brokerages for margin trading, said late Friday it will
restart offering loans to securities firms for periods ranging from 7
days to 182 days. Citic Securities Co. advanced to the highest level in
two months.
Source : Bloomberg
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