China Stocks Jump to Highest in Weeks as Support Measures Mount

(Bloomberg) — Chinese stocks rallied as authorities clamped down on trading by quant funds, the latest in a series of endeavors to put an end to the rout.

The Hang Seng China Enterprises Index (HSCEI) advanced 2.2% to close at its highest level in seven weeks. Property developers were among the biggest gainers after a state media report on billions of dollars-worth of funding approved for the sector.