China stocks jump over 2 pct on new regulator chief fresh stimulus


(MENAFN- The Peninsula)

SHANGHAI: China stocks jumped over 2percent on Monday to a four-week high led by property and resources shares as investorswelcomed Beijing's decision to replace the top securities

regulator and on signs the government was stepping up itseconomic stimulus efforts.

Gains were broad-based and helped lift the CSI300 indexof the largest listed companies in Shanghai andShenzhen up 2.2 percent to close at 3118.87 while the ShanghaiComposite Index gained 2.4 percent to 2927.18 points.

Reuters


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