May 12, 2014 / 3:37 AM / 3 years ago

China's CSI300 jumps as Beijing pledges to step up capital market reforms

1 Min Read

HONG KONG, May 12 (Reuters) - China's CSI300 index climbed more than two percent in late morning trade on Monday, in its best day in more than a month, as Beijing pledged to push ahead with capital market reforms.

Chinese banks and brokerages led gains in the CSI300 index, comprising of the leading Shanghai and Shenzhen A-share listings, pushing the index up to its biggest daily gain since April 8.

Reporting by Yimou Lee and Grace Li; Editing by Jacqueline Wong

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