China stocks rise on policy support hopes

China stocks rose on Monday amid hopes of more policy easing after the country’s central bank said it would implement prudent monetary policy in a “precise and forceful manner” to support economic growth and employment.

China’s blue-chip CSI300 Index .CSI300 rose 1.4% and the Shanghai Composite Index .SSEC added 1.3% by the lunch recess.

Hong Kong’s benchmark Hang Seng Index .HSI climbed 1.7%, and the Hang Seng China Enterprises Index .HSCE advanced 2.2%.

The People’s Bank of China (PBOC) will make better use of aggregate and structural policy tools to stabilise growth, employment, effectively support domestic demand, it said on Friday.

Fidelity China Special Situations PLC (LON:FCSS), the UK’s largest China Investment Trust, capitalises on Fidelity’s extensive, locally-based analyst team to find attractive opportunities in a market too big to ignore.

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