China stocks climb to fresh 7-year high ahead of earnings season

April 7, 2015 4:52 AM

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SHANGHAI, April 7 (Reuters) - Chinese stocks hit fresh seven-year highs on Tuesday morning ahead of the quarterly earnings season, 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, raising concerns that stepped-up share sales could hurt the market.

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