Chinese stocks extended rally from its largest weekly advance this year as technology firms recuperated despite signs the government won’t introduce a US-style registration system for new shares in 2016.
The Shanghai Composite closed at 2,888.31, up 0.5%. The CSI 200 Index added 0.4%. The Hang Seng China Enterprises Index gained 1%, while the Hang Seng Index slipped 0.2%.
Chinese Premier Li Keqiang, in his work report at the beginning of their annual legislative meeting in Beijing, projected a lower economic growth target for this year and did not imply streamlining the rules on initial public offering.
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