BEIJING: Chinese stocks once again rose on Monday, with gains in Hong Kong fueled by expectations of more money flowing from the mainland.
Chinese companies trading in Hong Kong were up 1.8%, leading the Hang Seng Index 0.6% higher, and adding to the market’s 7.9% jump from last week.
Beijing said Sunday that Chinese investors could have up to 20 stock accounts from Monday. They were previously restricted to one account in China’s A-share market, and the change means investors will be able to open accounts at different brokers. State-owned Xinhua News Agency said this would promote competition between brokerages and help safeguard the interests of clients.
