China stocks hit 2014 highs as economy bets gather steam


HONG KONG::  China shares jumped on Monday, with Hong Kong's index hitting its highest close in more than 3-1/2 years, on growing bets that the world's second-largest economy has turned a corner and as investors expect more growth-friendly policies.

Helped by some ultra cheap valuations, banks soared after a Reuters report said the country's fifth-biggest bank by assets planned to seek more private investors.

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