China stocks rebound as regulators signal support for market

28.07.2020

China stocks rose 3% on Monday, led by financial firms, after regulators moved to bolster the* market by lifting equity investment cap for insurers and encouraging mergers and acquisitions among brokerages and mutual fund houses.

At the close, the Shanghai Composite index was up 3.11% at 3,314.15, while the blue-chip CSI300...