Chinese and Hong Kong stocks rose on Friday, as investor sentiment was lifted on hopes of more stimulus after the People’s Bank of China cut a few key policy rates this week.
China’s blue-chip CSI300 Index and the Shanghai Composite Index both climbed 0.4% by the lunch break.
Hong Kong’s benchmark Hang Seng Index was up 0.7%, while the China Enterprises Index added 0.6%. China will roll out more stimulus to support a slowing economy, but concerns over debt and capital flight will keep measures targeted at shoring up demand in the consumer and private sectors, sources involved in policy discussions said.
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