“China’s (IFB1) stocks rose, driving the benchmark index to the biggest advance in almost two months, after the government said it will more than double the amount foreigners can invest in equities, bonds and bank deposits.
Citic Securities Co. jumped more than 5 percent, leading a rally for brokerages, after the China Securities Regulatory Commission increased quotas for qualified foreign institutional investors to $80 billion from $30 billion. Suning Appliance Co. and Kweichow Moutai Co. paced gains for consumer companies after Credit Agricole CIB said borrowing costs will be cut this month. Aluminum Corp. of China Ltd. added 3.7 percent after the 21st Century Business Herald said the parent company plans to boost investment in rare earth production in Guangxi province….”
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