HONG KONG Jan 30 China shares stretched gains
into a third straight day on Wednesday, helped by strength in
property-related counters after local news reports raised hopes
that Beijing could tolerate house price increases of up to 10
percent this year.
The CSI300 of the top Shanghai and Shenzhen
A-share listings closed up 0.5 percent at 2,688.7, while the
Shanghai Composite Index rose 1 percent.
Investors also welcomed a report in the official China
Securities Journal newspaper that more than half of China
Development Bank's new loans in 2013 will go to supporting the
new leadership's urbanisation agenda.
(Reporting by Clement Tan; Editing by Jacqueline Wong)