The Shanghai Composite Index climbed 1.6 percent to 2,043.93 at 10:49 a.m., heading for the biggest gain since April 8. China will relax limits on foreign investment in listed companies, expand the quotas for capital flow and develop commodities trading tools, the cabinet said in a statement on May 9 after the market close.
The CSI 300 Index jumped 1.7 percent to 2,170.08. The Hang Seng China Enterprises Index added 1 percent. The Bloomberg China-US 55 Index, the measure of the most-traded U.S.-listed Chinese companies, rose 0.3 percent in New York on May 9.
The Shanghai Composite slid 0.8 percent last week for a fourth weekly loss. It has dropped 3.5 percent this year on concern economic growth is slowing and initial public offerings will resume.
Source : Bloomberg