China shares post biggest rise in 3 months on reform hopes

SHANGHAI (Reuters) - Chinese shares rebounded on Tuesday, breaking a multi-day string of declines, on hopes of more reforms at the country's state-owned enterprises (SOEs).

The Shanghai Composite Index ended up 2.1 per cent at 2,337.9 points, marking its biggest daily rise since July 28, while the CSI300 of the leading Shanghai and Shenzhen A-share listings climbed 2.0 per cent.

Hopes of more reforms at its state-owned enterprises were fuelled by reports in official media on Tuesday that China's top train makers, China CNR and CSR Corp, were planning to merge to create an entity strong enough to compete globally.

Port-related shares were among the biggest gainers in mainland markets as investors expected the government to approve more free trade zone (FTZ) projects.

Join ST's Telegram channel and get the latest breaking news delivered to you.