Stocks on mainland advance
By Zhang Shidong | China Daily | Updated: 2012-02-23 07:58
SHANGHAI - Stocks on the Chinese mainland rose for a fourth day in a row on speculation that Shanghai, the nation's financial center, will relax property curbs to prevent slumping home prices from undermining the world's second-biggest economy.
China Vanke Co and Poly Real Estate Group Co led a gauge of property companies to its highest level in three months after the Shanghai Securities News reported the city eased some home purchase restrictions.
Industrial & Commercial Bank of China Ltd and Bank of China Ltd slid after the same paper said lending by the four biggest banks may be down from January.
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