Source: China – South China Morning PostMainland Chinese stocks rose on Monday, driving a key gauge to a decade high amid increasing signs that investors have been rotating out of bonds and bank deposits into equities in search of better returns.
The Shanghai Composite Index advanced 1.2 per cent to 3,740.50 at the break, a level not seen since August 19, 2015. The CSI 300 Index climbed 1.2 per cent, approaching the highest close since September last year.
The yield on China’s 10-year government bond increased 2.7 basis points to…Read More