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China Daily | Updated: 2014-10-21 07:16

Mainland shares get a stimulus boost in HK

Share prices of Chinese companies trading in Hong Kong climbed the most in three weeks amid speculation the central government is accelerating measures to support economic growth. China CITIC Bank Corp and China Minsheng Banking Corp led gains for financial shares, climbing more than 1 percent. The People's Bank of China is planning a cash injection of about 200 billion yuan ($32.7 billion) to some national and regional lenders. Bank of America Corp said the move is equal to a 20 basis-point cut in reserve-requirement ratios. PetroChina Co, the nation's biggest oil company, advanced 1.2 percent. The mainland gauge slid 1.4 percent last week amid speculation a trading link between Hong Kong and Shanghai will be delayed.

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