Hong Kong-listed Chinese shares rose to a five-month high, boosted by a surge in tech stocks and easing measures liquidity stress on some of the country’s too-big-to-fail developers.
The Hang Seng China Enterprises Index jumped 3.4% to close at its highest level since July 28. Developer Longfor Group Holdings Ltd. rose almost 12% to be the biggest gainer, while Alibaba Group Holding Ltd. led a surge in Internet stocks after regulators approved a plan from billionaire Jack Ma’s Ant Group Co. to raise $1.5 billion for its consumer unit.
