Hong Kong shares rise to 7-month high on hopes of mainland inflows

April 2, 2015 8:23 AM

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April 2 (Reuters) - Hong Kong's benchmark Hang Seng index rose to seven-month highs on Thursday, while growth stocks soared on expectations of fresh money inflows from the mainland.

China has recently encouraged mainland mutual funds to buy Hong Kong shares and also expanded Chinese insurers' investment scope, allowing them to buy stocks listed on the Growth Enterprise Market (GEM).

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