Shanghai Composite rises 1.5% on policy hopes

Headline indices of the Mainland China share market advanced for second consecutive session on Wednesday, 29 November 2014, on expectations of more accommodative monetary policy and mostly better-than-expected corporate earnings. The benchmark Shanghai Composite Index, which tracks both A and B shares, ended higher 1.5%, or 4735.16 points, at 2373.03.

Bank of America Corp said in its latest report that China could inject more liquidity in coming weeks to bolster the start of the link. The central bank injected about 200 billion yuan into some national and regional lenders, according to media reports.

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