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China’s CSI 300 makes biggest one-day gain in nearly 3 years

Chinese stocks had their biggest one-day gain in nearly three years on Monday, staging a dramatic rebound after Beijing made a concerted move last week to reassure investors and buoy markets following a steep sell-off.

The CSI 300 index of companies listed on the Shanghai and Shenzhen stock exchanges closed up 4.3 per cent, its largest one-day gain since November 2015.

Shares in mainland Chinese companies listed in Hong Kong also climbed, with the Hang Seng China Enterprises Index of Chinese companies listed in the city jumping 2.6 per cent, its best day since March.

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