China stocks rebound on policy easing hopes, Tencent boost

** Shanghai Stock Exchange will hold a meeting with banks, insurance, funds and brokerages on Wednesday, discussing "facilitating the valuation improvement and high-quality development of the financial industry while serving Chinese modernization," the official Shanghai Securities News reported. ** Investors turned to anticipate more supportive policies from Beijing to make sure the country economic recovery was on track after disappointing April trade, inflation and credit data last week.

China stocks pared early losses and rebounded strongly on Monday, as investors pinned hopes on policy easing and stimulus measures for the capital market. Hong Kong shares also traded higher driven by Tencent ahead of its first-quarter earnings. ** China's blue-chip CSI 300 Index rose 1.55%, while the Shanghai Composite Index went up 1.17%, both snapping a four-day losing streak.

** Hong Kong's Hang Seng Index and the Hang Seng China Enterprises Index jumped 1.75%, each. ** Shanghai Stock Exchange will hold a meeting with banks, insurance, funds and brokerages on Wednesday, discussing "facilitating the valuation improvement and high-quality development of the financial industry while serving Chinese modernization," the official Shanghai Securities News reported.

** Investors turned to anticipate more supportive policies from Beijing to make sure the country economic recovery was on track after disappointing April trade, inflation and credit data last week. ** The country's central bank on Monday rolled over maturing medium-term policy loans while keeping interest rates unchanged, despite growing concerns on the subdued recovery.

** "As recent data shows very low inflation risks, there are room for another round of RRR cut or even policy rate cut in near term," said Dickie Wong, executive director of research at Kingston Securities. ** Wong also said sentiment is gradually improving ahead of the release of industrial and retail data on Tuesday.

** In China A-shares, insurance and new energy sector jumped 4.7% and 3.5% to lead the gains, while media stocks fell 2%. ** Hong Kong-listed Chinese tech firms added 1.3%. Hang Seng Index heavyweight Tencent gained 3.9%.

** Tech giants including Tencent and Alibaba are due to report first-quarter earnings this week.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)