China markets rise as Cenbank CEO promises to help the economy


Source: bollyinside.com bollyinside.com

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Following the central bank governor’s pledge to boost the use of careful monetary policy to help the real economy, Chinese equities increased on Monday. Gains were led by financial and real estate developer shares as regulators increased their efforts to persuade lenders to issue loans to qualifying real estate projects in response to a growing boycott of mortgage payments on unfinished homes. At the end of the morning session, the CSI300 index increased 1.2 percent to 4,297.55, while the Shanghai Composite Index increased 1.5 percent to 3,276.17. Inching up 2.6 percent to 20,820.87 points, the Hang Seng index. To reach...