China stocks rose on Monday after the country’s central bank vowed to support economic growth and U.S. President Joe Biden said he expected a thaw in frosty relations with China “shortly”.
China’s blue-chip CSI300 Index was up 0.4% by the midday recess, while the Shanghai Composite Index gained 0.1%.
Hong Kong’s benchmark Hang Seng Index rose 1.3%, while the China Enterprises Index added 1.6%.
The fundamentals of China’s economic stability and long-term improvement have not changed, China’s central bank said on Friday, vowing to enhance the stability of total credit growth.
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