China stocks advance to fresh 7-year highs ahead of earnings season

April 7, 2015 7:14 AM

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SHANGHAI, April 7 (Reuters) - China stocks jumped more than 2 percent to fresh seven-year highs on Tuesday ahead of the quarterly earnings season, as investors brushed aside liquidity concerns after the official Xinhua news agency said an acceleration in initial public offerings would not stop the market's bull run.

Last week, China's securities regulator approved 30 IPOs for April, compared with 24 in each of the previous two months, triggering fears that stepped-up share sales could pause the market's rally.

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