(Bloomberg) -- China's stocks rose for a third day
after an official newspaper said speculation that the government
will impose a capital gains tax is ``ridiculous.'' China
Minsheng Banking Corp. led the advance.
``Investors are quite relieved to hear clarification of the
rumors about a capital gains tax,'' said Lu Yizhen, who oversees
about $640 million at Citic-Prudential Fund Management Co. in
Shanghai. ``The market has stabilized after the recent
fluttering.''
Read more at Bloomberg Stocks News
after an official newspaper said speculation that the government
will impose a capital gains tax is ``ridiculous.'' China
Minsheng Banking Corp. led the advance.
``Investors are quite relieved to hear clarification of the
rumors about a capital gains tax,'' said Lu Yizhen, who oversees
about $640 million at Citic-Prudential Fund Management Co. in
Shanghai. ``The market has stabilized after the recent
fluttering.''
Read more at Bloomberg Stocks News
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