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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.

Stocks on mainland advance

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