China stocks jump over 2 pct on new regulator chief, fresh stimulus

 22 Feb 2016 - 10:41

China stocks jump over 2 pct on new regulator chief, fresh stimulus

 

SHANGHAI: China stocks jumped over 2 percent on Monday to a four-week high, led by property  and resources shares, as investors welcomed Beijing's decision to replace the top securities
regulator and on signs the government was stepping up its economic stimulus efforts.

Gains were broad-based, and helped lift the CSI300 index of the largest listed companies in Shanghai and Shenzhen up 2.2 percent to close at 3,118.87, while the Shanghai Composite Index gained 2.4 percent to 2,927.18 points.

Reuters