China and Hong Kong stocks boost after Communist Party target aim
Chinese and Hong Kong stocks have been boosted by the Chinese Communist Party's recent declaration
The CSI300 index rose 2.1 percent, to 3,846.77 points at the end of the morning session, while the Shanghai Composite Index gained 2.1 percent, to 3,131.52 points. Both indexes were set for their best day in two months.
The real estate and consumer sectors rose 3.9 percent and 3.1 percent respectively, leading an across-the-board rally.
In Hong Kong, the Hang Seng index added 1.1 percent, to 30,578.79 points, while the Hong Kong China Enterprises Index gained 1.9 percent, to 12,222.50.
State media reported the Communist Party's politburo, its top decision-making body, reiterated pledges to open up the economy and deepen the reform of state-owned firms and assets.