China's CSI 300 Index Posts Biggest Two-Day Gain Since Launch; Banks Rise

(Bloomberg) -- China's stocks rose, completing the
CSI 300 Index's biggest two-day gain, on speculation government
curbs on lending and investment will prevent production gluts
from driving down earnings. Shenzhen Development Bank climbed.

China's central bank raised interest rates on July 20 for
the third time since March to cool the fastest pace of economic
growth in 12 years and restrain inflation.


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China's Shares Rise to Record on New Investor Inflow; Youngor Leads Gains

(Bloomberg) -- China's stocks rose for the 10th day
in the past 11, pushing the benchmark CSI 300 Index to a record
on expectations investors will keep shifting money into equities
from bank deposits. Youngor Group Co. gained.

``Liquidity is still strong and that will continue to push
shares higher,'' said Yan Ji, an investment manager at HSBC
Jintrust Fund Management Co. in Shanghai, which manages about
$517 million.


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