China Stocks Jump Most Since 2008 as Central Government Vows Support

(Bloomberg) — Stocks across Hong Kong and China staged a stunning rebound after China’s State Council vowed to keep its stock market stable amid a historic rout that erased $1.5 trillion in value over the past two sessions.

The Hang Seng China Enterprises Index, which tracks mainland companies listed in Hong Kong, jumped as much as 13% on Wednesday, its biggest gain since the global financial crisis.