UPDATE 1-China stocks hit 2014 highs as economy bets gather steam

lunes 28 de julio de 2014 05:15 GYT
 

* HSI +0.9 pct, H-shares +0.7 pct, CSI300 +2.8 pct

* BoCom leads bank gains on plans to seek more private investors

* Hong Yuan Securities surges after trade resumes

* HKEx says no launch date decided for stock connect (Adds details, prices)

By Grace Li

HONG KONG, July 28 (Reuters) - China shares jumped on Monday, with Hong Kong's index hitting its highest close in more than 3-1/2 years, on growing bets that the world's second-largest economy has turned a corner and as investors expect more growth-friendly policies.

Helped by some ultra cheap valuations, banks soared after a Reuters report said the country's fifth-biggest bank by assets planned to seek more private investors.

The Hang Seng Index closed up 0.9 percent at 24,428.63 points at its highest since November 2010. The China Enterprises Index of the top Chinese listings in Hong Kong rose 0.7 percent at its highest close since December 11.

The CSI300 of the leading Shanghai and Shenzhen A-share listings jumped 2.8 percent, while the Shanghai Composite Index gained 2.4 percent to 2,177.95 points.   Continuación...