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.
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