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11

China’s Stocks Head for Second Week of Gains on Monetary Bets

By Tony Seruga

China’s stocks rose, sending the benchmark index toward a second week of gains, as the prospect of more monetary stimulus overshadowed concern a flood of new share sales will divert funds from existing equities.

A measure of real-estate shares in Shanghai headed for a record, while China Vanke Co. climbed 1.1 percent in Shenzhen. Shanghai Waigaoqiao Free Trade Zone Development Co. rallied 10 percent after the Shanghai Securities News reported that the city will restructure more than 10 state-owned enterprises. Bright Dairy & Food Co. led gains for consumer-staples producers as it jumped more than eight percent for a fourth day…

China’s Stocks Head for Second Week of Gains on Monetary Bets

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