Stocks up for sixth straight trading day

China's stocks advanced for a sixth day, the benchmark index's longest winning streak in six weeks, as a central bank pledge to maintain liquidity.

"The situation of ample liquidity won't change in the coming two or three quarters," said Larry Wan, Shanghai-based deputy chief investment officer at KBC-Goldstate Fund Management Co. "Corporate earnings are likely to improve to catch up with stock price gains."

China will give 20 billion yuan this year in interest rate subsidies on bank loans to help industries including steel, petrochemical and automobile companies upgrade their technology, the State Council said.