Chinese stocks rose on Monday after regulators cut a levy on stock trades for the first time since the 2008 financial crisis and pledged to slow the pace of initial public offerings in an effort to boost investor confidence.
The benchmark CSI 300 index of Shanghai- and Shenzhen-listed stocks led Asian markets higher on Monday, climbing as much as 5.5 per cent before pulling back to be up about 2 per cent. Hong Kong’s Hang Seng index climbed 1.8 per cent.
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