China stocks gain on aid

Chinese stocks rose on Monday amid growing expectations of a fresh liquidity-injection package, following meetings between the central bank and financial institutions and the announcement of measures to stabilize the capital market. The CSI 300 gained 0.8%, while the STAR 50 climbed more than 3%. The Hang Seng rose 0.4% to 23,393.32, and the Shanghai Composite advanced 1.1% to 3,638.03. The People’s Bank of China said it plans to hold an auction for one-year swaps after 31 brokerage firms and investment funds applied for quotas worth more than 100 billion yuan in total.

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