China’s stocks rose to a three-month high, led by banks and brokerages, after Premier Li Keqiang said he would accelerate financial reform.
Shanghai Pudong Development Bank Co. (600000) surged 8.7 percent, extending this month’s gain to 36 percent, after Li pledged to push forward yuan convertibility. Citic Securities Co. led an advance for brokerages on optimism increased trading volumes will boost profit. Aluminum Corp. of China Ltd. and Jiangxi Copper (600362) Co. paced declines for metal producers.
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