China Stocks Extend Historic Surge as Traders Cheer Support Vows

(Bloomberg) — Chinese stocks climbed, adding to Wednesday’s stunning surge, as Beijing’s strong push to stabilize financial markets lured buyers back after a relentless equity sell-off.

The Hang Seng China Enterprises Index rose as much as 8.2%, with technology and property shares among the top gainers after officials promised to ease a regulatory crackdown and pledged support for companies in the sectors. On Wednesday, the gauge of Chinese firms listed in Hong Kong posted its biggest advance since 2008.